Job Market Monitor
UK
Current and Future Skills Needs in UK – Core transferable skills are often under-invested in by firms in comparison to firm-specific skills
This report provides an overview of the Skills and Productivity Board’s work to document the skills needs of the economy now and in future, with a view to identifying skills mismatches and growing areas of skills needs, both across the economy as a whole and in a small number of priority areas (Health, Science and … Continue reading
Inflation in UK – Real wages fall at the fastest rate on record
Today’s labour market data tell us a bit more about how the labour market is responding to high inflation and the cost of living shock. We see some things we would expect, some things which may be surprising, and much that remains unresolved. The most eye-popping statistic in today’s labour market data is also the … Continue reading
Skills for Green Transition in UK – A disconnect between increasing employer demand for green skills and young people’s lack of knowledge of what they are
Along with demographic change and advances in technology, the transition to green skills is one of a number of mega trends set to transform the economy and labour market. These shifts are also interconnected. The need for “green skills” is therefore not just about new green jobs, but also greening existing roles, increasing economic growth … Continue reading
LMI on Skills in UK – Priorities for improvements
Better alignment between the skills employers demand and those people have can improve productivity, leading to better outcomes for individuals and businesses. Quality Labour Market Information (LMI) can help identify where and how to achieve better skills alignment. The Board supports DfE’s plans for the new Unit for Future Skills (UFS), which has the aim … Continue reading
Future of Work in UK – 5 qualitative scenarios
To ensure effective provision of skills in the future, it is important to assess what the future labour market in the UK might look like. While quantitative projections are available, the future of the labour market is shaped by many factors, which are often characterised by great uncertainty. This can make planning effective policy intervention … Continue reading
UK Manufacturing Skills – Empowering employer and education provider partnerships along with regional bodies
The All-Party Parliamentary Manufacturing Group recommends that government empowers industry and education provider partnerships to ensure a manufacturing workforce fit for the future. Today Policy Connect and the All-Party Parliamentary Manufacturing Group publish their latest report: Supporting UK manufacturing Skills in a post Covid-19 world. The report outlines how the government can support the development … Continue reading
Graduates and Job in UK – One million more professional jobs than workers with degrees to fill them
Our report tackles the misperceptions that there are too many graduates, not enough jobs for them, and that some degrees have little value for employers. We need to address misconceptions about graduate jobs. Some say that there are too many people going to university, and others have spent many years lamenting that they cannot find … Continue reading
Skill Building in UK – Future Proof, Skills for Work Program
The way we work is changing rapidly. The ongoing digitisation of jobs and workplaces means that today’s workers need to be more adaptable, and more resilient, than ever before. But 42% of the workforce – 13.6 million people – don’t have even the minimum standard of digital skills required for work. These people are more … Continue reading
Job Report in UK (February 2022) – The labour market is tight and participation is weak
Tuesday’s labour market data showed that many of the trends of recent months remain in play. The labour market tightened further, participation continued to disappoint and real pay packets kept falling, while nominal pay growth hasn’t yet shown clear signs of accelerating. The labour market is tight The labour market is now very tight on … Continue reading
The Great Resignation in UK – One in three adults say they want do do it, but most think they lack the skills to switch
One in three adults say they want to change job, but most think they lack the skills to switch Over a third of adults (34%) are looking to change job or career in the next two years, according to the latest results of the largest survey of adult participation in learning in the UK. Learning … Continue reading
Labour Shortages and Immigration in UK – Too often attitudes seem decided by whether someone is generally for or against immigration
Can the shortages of workers reported by the UK’s food and drink sector be solved by making it easier to hire migrants? How will wages in these sectors change? And is there a conflict between short- and long-term fixes? Alan Manning sets out the trade-offs involved in answering these questions. There are pros and cons … Continue reading
Higher Technical Education in UK – A relatively low proportion of the workforce with higher technical skills and qualifications
This research, commissioned by the Gatsby Charitable Foundation, explores how a higher technical education offer with a focus on industry-specific skills, could help to address the needs of local people, local businesses and the local economy. Compared with its international competitors, the UK has a relatively low proportion of the workforce with higher technical skills … Continue reading
Low-Paid Workers and Covid in UK – One-third of workers in the lowest-paid group have been furloughed, or lost jobs or hours
This briefing note summarises Resolution Foundation research on low-paid workers and their experiences of work and the labour market. These are the workers that we are trying to reach with Resolution Ventures and the Workertech Partnership. It highlights that some groups of workers are more likely to be low paid, including the young, those working … Continue reading
Covid and the Youth Labour Market in UK – The large falls in employment have been largely offset by rising participation in education
This report sets out analysis of trends in youth participation in education and employment during the Covid-19 pandemic. It is the first report in a wider project funded by the Blagrave Trust and Youth Futures Foundation, working with the Institute for Public Policy Research to exploring the impacts of the pandemic on the youth labour market … Continue reading
Apprenticeship Levy in UK – A substantial shift away from lower-level apprenticeship starts to higher-level starts
The English apprenticeship system has experienced a series of major reforms in recent years, affecting apprenticeship length, quality, level and funding. In particular, the UK government has introduced an Apprenticeship Levy to help fund apprenticeship starts for large employers. Since April 2017, all employers with an annual pay bill of more than £3 million contribute … Continue reading
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