Job Market Monitor
UK
UK’s North Sea – Job losses raise skills and safety concerns
Cost-cutting in Britain’s North Sea oil and gas sector could lead to more acute skills shortages in future, industry experts have warned, with some expressing concerns that safety could be compromised. A plunge in crude prices over the last 12 months has prompted oil majors such as Royal Dutch Shell, BP , Chevron and ConocoPhillips … Continue reading
Skills Gap in UK Digital and Creative Sector – 1.2 Million new workers needed between 2012 and 2022
The UK digital and creative sector has grown rapidly in recent years. It contributes almost nine per cent of total UK GVA and employs 2.1 million people. Digitisation of the wider economy is driving extremely strong demand for digital services, and the recent widening of tax relief has stimulated very strong growth in certain areas … Continue reading
Persistent Poverty in the UK – 4.6 million people in 2013
This article provides analysis on people in persistent poverty and their associated characteristics. It shows that: In 2013, 7.8% of the UK population were considered to be in persistent income poverty, equivalent to around 4.6 million people. Persistent poverty is defined as being in relative income poverty both in the current year and at least two out of … Continue reading
Short-Term International Migration in UK – 53,000 international visits were made to England and Wales for 3 to 12 months for employment
This section explores patterns of short-term international migration for 3 to 12 months for employment (including those looking for a job). There are 2 definitions of “employment” to consider: employment as defined by the UN (henceforth referred to as “employment”) refers to the UN definition of employment, which includes migrants going to a definite new job, … Continue reading
Queen’s Speech in UK : Is full employment a benefits cap ?
Legislation will be brought forward to help achieve full employment and provide people with the security of a job. New duties will require my ministers to report annually on job creation and apprenticeships. Analysis: This is a reference to the full employment and welfare benefits bill, which, despite the title, seems to be devoted to … Continue reading
UK Job Report – Employment rate for people aged from 16 to 64 at record level (73.5%)
Main points for January to March 2015 Comparing the estimates for January to March 2015 with those for October to December 2014, employment continued to rise and unemployment continued to fall. These changes maintain the general direction of movement since late 2011 to early 2012. There were 31.10 million people in work, 202,000 more than … Continue reading
UK – Near-term employment prospects remain buoyant CIPD finds
The quarterly CIPD Labour Market Outlook (LMO) provides a set of forward-looking labour market indicators, highlighting employers’ recruitment, redundancy and pay intentions. The survey is based on responses from 1,013 employers, many of whom are drawn from the CIPD’s membership of more than 130,000 professionals. The latest report shows that near-term employment prospects remain buoyant. This … Continue reading
Youth Unemployment in US – Lessons from the US
With youth unemployment recently reaching all-time highs and in anticipation of further austerity measures in the UK, this report explores collaborative youth employment initiatives in eight US cities with distinctive labour market challenges to identify the factors that lead to effective intervention. Collaborative working in the field of youth employment support has taken a variety … Continue reading
UK – Youth unemployment and the legacy of austerity
A Youth Guarantee was adopted by the European Council in June 2013, based on successful schemes in Finland and Austria. Member States are encouraged to take an active role in securing the future of their young generations by engaging educational providers, employers, public authorities and trade unions to ensure that young people have the advice, … Continue reading
European immigration in UK – They cost to government £408.12 per second and contribute £463.35 per second in revenues
This report has been commissioned by Rapid Formations to develop a firm understanding of European migrants who choose to settle in the United Kingdom and assess whether they pose any impact on the UK’s economic stability. Overall, research suggests that migrants from the European Union pose a statistically significant net benefit to UK public finances … Continue reading
Unlocking the sharing economy in UK – A report
In September 2014, Matthew Hancock MP, the Business Minister, asked me to write a report on the sharing economy – and to make recommendations as to how the UK could become a global centre for this fast-growing sector. The sharing economy allows people to share property, resources, time and skills across online platforms. This can … Continue reading
UK – The highest proportion of employees with a workplace pension on record
Workplace pension reforms The Pensions Act 2008 put in place a framework for workplace pension reform designed to increase private pension saving in the UK. This framework was amended slightly by the Pensions Acts 2011 and 2014. One of the key reforms was that, from October 2012, all eligible employees are to be automatically enrolled … Continue reading
UK – 70% moved out of poverty by getting a job ONS finds
Entering employment is widely thought to be the most effective route out of poverty, a view supported by a range of research. But does getting a job always lead to people leaving poverty? Our new analysis shows that between 2007 and 2012, of those aged 18 to 59 who were in income poverty, but then … Continue reading
Immigration in UK – It added 2.4 million individuals with low numeracy skills research finds
Each year more than 300,000 people leave the UK to begin a new life overseas. In their place around 450,000 immigrants travel across our borders to seek new opportunities. But do immigrants adequately fill the jobs, and skills gaps, left behind by those who leave the UK? And do emigrants from this country enjoy a … Continue reading
Digital Skills in UK – Failing to address its digital skills shortage
A report from the Digital Skills Committee, released this month, has explored how the UK is currently failing to address its digital skills shortage. Given that digital is undeniably the future, this is an important issue. Digital skills are shaping the future of the UK, as they have a direct impact on people’s productivity. Studies … Continue reading
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