Job Market Monitor
UK
Apprenticeship Levy in UK – Type of apprentice (career starter, career changer or upskiller) impacted on the value and effectiveness of prior learning assessments
The apprenticeship levy was introduced in 2017 as part of wider reforms to improve apprenticeship quality and employer engagement.This research provides insight into the impact of the levy on employers’ decision-making and whether levy funds were used for additional training or to replace other forms of training. It also explores how employers and providers assess … Continue reading
Apprenticeships after Covid in UK – What future ?
The Covid-19 pandemic outbreak and the ensuing economic uncertainty caused interruptions to apprenticeship training. This is putting the future of apprenticeships at risk just at the time when they will be most needed to protect employment and sustain the recovery. Apprenticeships offer a mix of training on the job and additional off-the-job training. This is … Continue reading
The College of the Future in UK – Upskilling people, backing business, driving innovation and addressing skills gaps
What do we want and need from our colleges from 2030 onwards, and how do we get there? These were the simple, yet fundamental questions the Commission set out to answer when it began work in Spring 2019. As the Commission culminates, this report is a rallying cry for radical and decisive action – enabling … Continue reading
Skills in UK – Nine out of ten employees will need to reskill by 2030 : a strategy
Last month, the CBI welcomed the Prime Minister’s bold steps to help solve the urgent skills challenge facing the UK. But research carried out prior to the pandemic suggests the country is now at a fork in the road. Invest more in adult education to level up opportunity across the country and boost competitiveness. Or … Continue reading
Online Learning in UK – Two thirds of the workforce use it to help with work
The Learning Curve, a new report by Demos, supported by Google, finds that 10% of the UK’s economy output can be linked to online learning. Demos polled 20,000 people in the biggest report of its kind looking at online learning habits and their impact on people’s lives in the UK. That research was paired with in … Continue reading
Earnings of Grads in UK – Overall estimates obscure important heterogeneity in returns across subjects
This report provides estimates of the earnings returns to completing postgraduate degrees, for British and Northern Irish students studying in Britain. We use the Longitudinal Education Out- comes (LEO) dataset to account for differences in individuals’ background and prior university attainment to estimate the impact of postgraduate qualifications on earnings at age 35, relative to … Continue reading
Gig Economy and Self-Employed in UK – For a new self-employment centres, a Minimum Income Guarantee and a parity of rights and social security
Empowering the self-employed workforce Self-employment has risen significantly over the past two decades. The Covid-19 pandemic has exposed the fragile nature of work for many people in the UK – and the self-employed workforce is no exception. In this report, we bring to the fore some of the shared challenges faced by self-employed people, especially … Continue reading
COVID and Furloughed Workers in UK – Millions have returned to work but …
This morning, HMRC published its latest round of statistics on the Coronavirus Job Retention Scheme (JRS). For the first time, we have a time series of the number of furloughed workers, as opposed to the cumulative total, meaning we can see how use of the scheme has evolved since the start of April. Here are … Continue reading
Covid and Youth Unemployment in UK – Delivering an ‘opportunity guarantee’
We are facing the worst jobs crisis in a generation – with young people (18–24) set to be hit particularly hard. Covid-19 is first and foremost a health crisis, but it has increasingly morphed into an economic one as well. However, this will be fundamentally different to the 2008–9 crisis. In particular, it will result … Continue reading
COVID-19 Downturn in UK – What can previous recessions tell us ?
Understanding what we can and cannot learn from previous recessions is important for the current downturn- there are some similarities, but also some marked distinctions. The starkest difference is the occurrence of a discrete, immediate lockdown of some sectors. This contrasts with the archetypical recession in which economic activity slows down continuously, as firms shut … Continue reading
Young People Leaving Full-Time Education in UK – Employment rate are projected to be 13 per cent lower
The economic fallout from the coronavirus has taken the UK into uncharted territory, with fears that an additional 640,000 18-24-year-olds could find themselves unemployed this year alone. This briefing note focuses specifically on the prospects facing young people leaving full-time education today, highlighting the size and length of employment and pay scarring that they could … Continue reading
Going Green in UK – Highly-polluting industries employ 45 per cent of the workforce
To tackle the climate crisis, the UK Government has set a target of net-zero greenhouse gases by 2050. To achieve this target, a major transformation is required to prepare sectors and workers for the green economy. This report analyses the scale of the challenge and considers how sectors can adapt to avoid unemployment through the … Continue reading
COVID and the Self-Employed in UK – Have been hit particularly hard
The Covid-19 shock is one of the largest economic shocks that has taken place in living memory. The crisis has served to highlight the challenges governments face in extending social insurance to self-employed workers, for whom it is difficult to verify work behaviour. Chancellor Rishi Sunak described designing a “deliverable and fair” support package for … Continue reading
Homeworking in UK – Around 8.7 million people said that they have worked from home
Of the 32.6 million in employment, around 1.7 million people reported working mainly from home, with around 4.0 million working from home in the week prior to being interviewed for the survey. Around 8.7 million people said that they have worked from home; this is less than 30% of the workforce. Some industrial sectors, such … Continue reading
COVID in UK – Unemployment has risen markedly says the Bank of England
The Bank has published its quarterly Monetary Policy Report alongside an interim Financial Stability Report. Together, they provide a scenario for the path of the UK economy in the light of Covid-19 and assess the financial system’s resilience to that scenario. The spread of Covid‐19 and the measures to contain it are having a significant … Continue reading
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