Job Market Monitor
UK
Jaguar Land Rover / Recruiting the first 500 in 1,700
Jaguar Land Rover has today begun recruitment for the 500 new jobs at its Solihull manufacturing facility as part of a 1,700 jobs recruitment drive. The plans, announced last September, will see the first intake consist of semi-skilled production operator jobs to support the production of new vehicles, included as part of the £1.5bn invested … Continue reading
Unemployment in UK / Monetary policy forward guidance overhaul
The overhaul of forward guidance sees the direct link with employment dropped so the Bank can focus on a much wider range of indicators. Presenting today’s Inflation Report the governor outlined “the next phase” of forward guidance, saying the Bank aims to see all spare capacity in the UK economy absorbed before it will lift … Continue reading
UK / Employers are expected to recruit many more graduates this year
Employers are expected to recruit many more graduates this year, according to the Association of Graduate Recruiters. Numbers of vacancies rose by more than 4% last year, with the AGR predicting a rise of 10.2% in 2014. The rise reflects growing business confidence and economic growth, the association says. Big growth sectors include IT and … Continue reading
Skills Gap in UK / Rise in job vacancies, but skills shortages accelerate says UKCES
A sharp rise in skills shortages could be holding back the UK’s economic recovery, according to new research published today (30 January). The report from the government’s skills experts, the UK Commission for Employment and Skills, finds that the number of job vacancies in England has returned to pre-recession levels. However, so-called “skills shortage vacancies” … Continue reading
Pension in UK / Introduce a ‘collective defined contribution’ plan says a report
Reform is underway to encourage people to work for longer and to save into a pension. However, contributing at the rates required by auto-enrolment across a full working life will give the current generation of employees a less than 50:50 chance of a decent income in retirement. New pension products and strategies are urgently needed … Continue reading
(Update) Labour on Welfare in UK / Rachel Reeves’s first major speech (video)
“A Labour government will introduce a Basic Skills Test to assess all new claimants for Job Seekers Allowance within six weeks of claiming benefits. Those who dont have the skills they need for a job will have to take up training alongside their jobsearch or lose their benefits. Labours Basic Skills Test will give the long-term unemployed a better chance of finding a job and will help us to earn our way out of the cost-of-living crisis.” Continue reading
UK Monetary Policy / Is the target unemployment rate a trigger or a threshold ?
U.K. Prime Minister David Cameron defended Mark Carney after the Bank of England governor said that policy makers will review forward guidance next month. Carney, who said last year that unemployment would need to fall to 7 percent before the BOE would consider raising interest rates, has seen the jobless rate drop faster than forecast. … Continue reading
UK / Unemployment rate falls to 7.1%
The unemployment rate in the UK has fallen sharply to 7.1 per cent of the workforce, taking it close to the target under the Bank of England’s much-criticised forward guidance policy Continue reading
Labour on Welfare in UK / Make benefit claimants take skills tests and training
A Labour government will introduce a Basic Skills Test to assess all new claimants for Job Seekers Allowance within six weeks of claiming benefits. Those who dont have the skills they need for a job will have to take up training alongside their jobsearch or lose their benefits Continue reading
Immigrant Welfare Rules in UK / Housing pay to be removed
The U.K. is to stop immigrants from receiving payments to cover housing costs unless they have jobs, as political parties seek to show voters they’re tough on welfare. “No longer can people come here from abroad and expect to get something for nothing,” Work and Pensions Secretary Iain Duncan Smith and Home Secretary Theresa May … Continue reading
Grads in UK / Recruitment levels at a seven-year high but jobs ‘reserved for student interns’
Companies said that four-in-10 positions being advertised for graduates in 2014 would be reserved for those with previous experience – barring other final year students from applying Continue reading
Skills Gap in UK Wind Power / Apprenticeship scheme launched
The UK’s Energy & Utility Skills (EU Skills) – the national body responsible for developing and benchmarking standards and skills in the power sector – recently launched its Wind Turbine Installation and Commissioning Apprenticeship. The second part of the UK’s first wind power-dedicated apprenticeship, it’s designed to develop skills of new recruits to the sector, … Continue reading
UK / More than three quarters of a million young people believe they have nothing to live for
The Prince’s Trust Macquarie Youth Index has found that more than three quarters of a million young people believe they have nothing to live for, with jobless youngsters facing “devastating” symptoms of mental illness Continue reading
UK / Unemployment rate slips to four-and-a-half year low of 7.4%
Britain’s unemployment rate has slipped to a four-and-a-half year low of 7.4%, edging closer to the “threshold” at which the Bank of England has said it will consider raising interest rates. The Office for National Statistics (ONS) said on Wednesday that unemployment in the three months to October was 2.39 million, or 7.4% of the … Continue reading
Gender Pay gap in UK / Increased to 10.0% from 9.5% in 2012 finds ONS
The gender pay gap (i.e. the difference between men’s and women’s earnings as a percentage of men’s earnings) based on median gross hourly earnings (excluding overtime) for full-time employees increased to 10.0% from 9.5% in 2012 Continue reading
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