Job Market Monitor
UK
A Career in Finance – For school leavers ?
What advice would you give to a school leaver interested in a career in finance who is unsure of whether or not to go to university? There are a lot of routes into a career in finance and a degree is just one of them. It’s certainly no longer the only option. Many of the … Continue reading
UK – Royal Mail Hiring 19,000 Seasonal Workers for Christmas
UK postal giant Royal Mail plans to hire around 19,000 seasonal workers to help sort its Christmas mailbag. The employer, which was privatised in late 2013, said temporary positions across a variety of shifts will be available between mid-November and early January 2015 and that the peak of the additional temporary work will be in … Continue reading
People and Households Without a Private Pension in Great Britain: 45% of men and 49% of women
Key points For those below retirement age, 45% of men and 49% of women in Great Britain did not have any private pension savings in 2010-2012. 95% of men and women working in Accommodation and food service industries did not pay into a private pension in the UK in 2012. In ‘Public administration, defence and … Continue reading
UK – Employers of migrant workers are doing this to support business growth finds CIPD
The most recent figures from the ONS show that net migration into the UK increased by more than 38% to 243,000 in 2013–14 (ONS, August 2014). EU citizens – including an increased number from Romania and Bulgaria – accounted for two-thirds of the growth from the previous figure of 175,000. Opponents of migrant workers argue … Continue reading
Annual estimates of employees in UK – London has shown the largest increase of all regions
This statistical bulletin focuses on the strengths of [Business Register and Employment Survey (BRES) 2013], giving employee estimates by region level and below and by broad industry group and below. There is also a section that focuses on London and a section that looks at public/private estimates of employees. 70% of all local authority districts … Continue reading
UK – Employment prospects for 2012/13 first degree graduates has dramatically improved
Employment prospects for 2012/13 first degree graduates dramatically improved compared to 2011/12 graduates. The proportion of graduates working in professional and managerial jobs in the UK had increased and the unemployment rate decreased from 8.5% to 7.3%. Read more about the outcomes of 2012/13 graduates from six subject areas covering 28 subjects. Find out more about how mature graduates do in … Continue reading
Ageism in Finance in UK – One in four professionals experiences it
One-quarter of finance professionals have either experienced or witnessed agediscrimination at work, according to research by eFinancialCareers. The eFinancialCareers Diversity Survey is based on a poll of 1,500 workers from the finance sector. It suggests exactly one-third of employees between 41 and 50-years-old have been discouraged from applying for a role on the grounds of … Continue reading
UK May to July 2014 Job Report – Employment continued to rise
Key Points for May to July 2014 Comparing the estimates for May to July 2014 with those for February to April 2014, employment continued to rise and unemployment continued to fall. These changes continue the general direction of movement since late 2011/early 2012. There were 30.61 million people in work. This was 74,000 more than … Continue reading
UK – Take account of unemployment before raising interest rates says TUC to Bank of England
TUC boss Frances O’Grady has urged the government to widen the Bank of England’s remit to take account of unemployment before Threadneedle Street considers raising interest rates. Speaking before the start of the TUC’s annual congress, when the Bank governor, Mark Carney, will make a speech, O’Grady said the success of the Bank’s interest rate … Continue reading
Gender Gap in UK – Women to take two-thirds of high-skilled roles over next six years says UKCES
An increase in the gap between women’s and men’s qualifications will see women take two-thirds of high-skilled jobs across the next six years, according to the UK Commission for Employment and Skills (UKCES). The report, UK Skills and International Competitiveness, predicts that by 2020 49% of women will have degree-level qualifications, up from 38% today. For men … Continue reading
UK – A record number of people are looking for extra hours to top up their wages finds Trades Union Congress
The number of people who are under-employed has increased by nearly 100,000 over the last two years, according to new analysis published by the TUC today (Wednesday). The analysis shows that while unemployment has fallen by over 400,000 since early 2012, under-employment has risen by 93,000. And at 3.4 million the current level of under-employment … Continue reading
UK Monetary Policy – Labour market data “give one a better steer about the evolution of spare capacity than output growth alone says Ben Broadbent
Since the financial crisis “labour productivity has stagnated”, this has inevitably made the MPC “less confident about any forecast of productivity growth over the next few years” and meant that “output data are no longer sufficient statistics for inflationary pressure”. Ben argues that labour market data “give one a better steer about the evolution of … Continue reading
UK – A massive fall in self-employed earnings
Where there is no argument, though, is on the massive fall in self-employed earnings. The ONS estimates a 22 percent drop in pay since 2008. This is consistent with the Resolution Foundation’s findings and the HMRC figures I discussed earlier this year. As ONS says, the self-employed may under-state their income in surveys but they have … Continue reading
Over-65s in UK – More than one million are working
The number of employees over the age of 65 has jumped 36% to 1.09 million since 2010, according to research by Saga. The Coalition abolished the default retirement age of 65 when it came to power, which has led to the proportion of over-65s in the workforce increasing from 3.4% to 3.6% over the past … Continue reading
IT skills gap in UK – A growing interest in alternatives to university education like apprenticeship
There is also a growing interest in alternatives to university education, both from an employer and student perspective. In March 2014, to tie in with National Apprenticeship week, companies including BT, ITV and Virgin Media announced apprenticeship schemes, creating a total of 20,000 openings for apprentices. Mark Ridley, director of IT at online recruiter Reed.co.uk, said … Continue reading
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