Job Market Monitor
UK
UK / Unemployment rises to 2.56 million
UK unemployment rose by 70,000 to 2.56 million between December and February, the Office for National Statistics (ONS) has said. It pushed the unemployment rate to 7.9%, raising further questions about the UK’s economic strength. The number of people in employment also fell, while earnings growth slowed considerably, according to ONS data. But there was … Continue reading
UK / Axa to Cut 450 Jobs
Axa SA (CS), Europe’s second-largest insurer, plans to cut 450 jobs in the U.K. as it stops providing financial advice following a change in regulation. Axa will stop advising customers in branches of Co- Operative Bank Plc and National Australia Bank Ltd.’s Clydesdale and Yorkshire banks, it said in a statement on its website yesterday. … Continue reading
UK / Minimum wage does not keep up with the cost of living
The National Minimum Wage Act 1998 was one of the flagship policies of Tony Blair’s newly elected Labour government. From April 1999, every worker over the age of 22 was legally entitled to at least £3.60 an hour. In 2010, it began to apply to employees aged 21 and over. For the first nine years … Continue reading
UK / A new framework for post-graduate level higher apprenticeship in professional services
Skills minister Matthew Hancock (pictured) has welcomed the creation of the first graduate level higher apprenticeships in advanced manufacturing, commercial airline piloting and professional development for work based learning practitioners. Employers including BAE Systems and British Airways expect to recruit new graduate apprentices this year. In addition, a new framework for the first post-graduate level … Continue reading
UK / Telegraph Cuts Jobs
The Telegraph Media Group is to cut 80 jobs as it merges the Daily and Sunday Telegraph newspapers into a seven-day operation, Sky sources have confirmed. Some 14% of editorial jobs will go from the staff base of 550 posts. However the restructure of the two newspapers will see the creation of 50 digital content … Continue reading
UK / Working from home could save up to £34 billion to employers
Employers could save up to £34 billion by freeing up desk space and reducing overhead costs with employees working from home, mobile phone giant Vodafone has said today. In a survey of 500 key decision makers conducted by YouGov in tandem with Vodafone it found that despite the average office desk costing thousands of pounds … Continue reading
UK / Lower-skilled jobs still threatened by outsourcing
Lower-skilled and process-based jobs in the UK remain vulnerable in the face of continued popularity of business process outsourcing (BPO) to central and eastern European countries, according to research published today by professional services firm Towers Watson. The General Industry Compensation Report shows that despite the fast economic development of many countries such as Poland, … Continue reading
UK / Managers and skilled workers: the bulk of far right support
The study found the image of young unemployed people alienated by tough economic times and turning to the anti-Muslim and anti-immigration group was a myth. In fact half of sympathizers are in full time work, almost one in five is university educated and more than two thirds own their own home. The report, by the … Continue reading
UK / An overhaul of vocational education
Teenagers in England are to be offered the chance to take new courses in engineering and construction as part of an overhaul of vocational education. Ministers said they would develop seven qualifications in the two subjects to equip youngsters with relevant skills. The Department for Education also said thousands of vocational qualifications which were “of … Continue reading
UK / Thomas Cook to cut 2,500 jobs
Travel firm Thomas Cook said it would cut 2,500 jobs from its U.K. workforce and close 195 stores in Britain as part of its plans to restructure the business. The 172-year-old group has struggled over the last two years with a slump in sales leading to a string of profit warnings, forcing it to renegotiate … Continue reading
UK / Jaguar Land Rover to create 700 new jobs
Jaguar Land Rover is to invest a further £150m to double the size of its unfinished engine plant in the West Midlands, creating 700 additional jobs. The company aims to raise the eventual number of jobs on the i54 business park on the Staffordshire-Wolverhampton border to more than 1,400. The first engines are scheduled to … Continue reading
UK / Is the graduate job market as bad as it seems?
For current undergraduates, prospects after university might seem dire. Certainly the statistics suggest uncomfortable truths: 24.8% of 21-year-old graduates are unemployed, approximately 83 graduates apply for every job, and nearly a million young people are out of work. Meanwhile, a recent report by the Prince’s Trust has warned that youth unemployment will lead a generation … Continue reading
UK / Net migration falls by a third
The number of people heading to Britain, less the number leaving, dropped significantly by 84,000 to 163,000 in the year to June, fuelled by a 17% drop in the number of foreign students arriving. Immigration to the UK fell from 589,000 to 515,000, its lowest since 2003, official figures from the Office for National Statistics … Continue reading
UK / Online apprenticeship applications increase by 41% in a year
More than 267,400 apprenticeship applications were submitted online during November 2012 and January 2013, an increase of 41% on the previous year. The figures released today by the National Apprenticeship Service (NAS) also found that apprenticeship vacancies have grown significantly. Nearly 25,400 vacancies were advertised online in the three months – an increase of 26.6% … Continue reading
UK / NHS nursing posts / 12,000 to go says Labour
Thousands of NHS nursing posts could be lost in the next two years, the shadow Health Secretary has warned. Labour’s Andy Burnham said the health service would lose 12,000 nurses while the Coalition was in power if the current rate of loss continued. Mr Burnham said there was new evidence that NHS trusts were meeting … Continue reading
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