Job Market Monitor
UK
Scotland – 350 new jobs created for Shetland oil platform
THE Prime Minister has promised to support manufacturing as he congratulated a Fife firm which is taking on 350 workers after winning two massive contracts. David Cameron visited Burntisland Fabrication (BiFab) just after bosses there announced new contracts worth £140 million involving the design, procurement and construction of major components for a new oil platform. … Continue reading
Make the unemployed work for free – A Solution ?
The failed neo-liberal British government is following the path that the conservatives followed in Australia in attempting to “manage” the unemployment that their flawed policy regime created… The scenario is this: 1. British government introduces austerity policies which deliberately create unemployment. Jobs vanish because aggregate demand contracts. People stop spending and firms stop investing because … Continue reading
UK – Going to bad universities to study subjects no employers want – Martin Stephen
Dr Martin Stephen was High Master of St Paul’s from 2004 to 2011. He was previously High Master of Manchester Grammar School and headmaster of The Perse School. Surprised to hear that more than 20,000 graduates from the year of 2011 were still unemployed six months after they graduated? We shouldn’t be. This is a full-scale … Continue reading
UK – Intercity/Agility Trains – More than 900 jobs wouldl be created and thousands more secured
More than 900 jobs will be created and thousands more secured after Transport Secretary Justine Greening approved a £4.5bn contract to supply Britain with the next generation of intercity trains. In a major boost to the UK’s manufacturing industry, 596 railway carriages will be built at a brand new train factory in the north east … Continue reading
UK back in Recession – Significant economic contraction of 0.7pc
The figures from the Office for National Statistics are much worse than forecasts for a 0.2pc contraction. It marks the third successive quarter of contraction, leaving Britain in its longest double-dip recession in more than 50 years. The economy shrank by 0.3pc in the first quarter of the year, following a 0.4pc contraction in the … Continue reading
UK – Record sum in vocational education
The coalition is investing a record sum in the kind of educational opportunities that 16 to 18 year-olds need Polly Toynbee writes of the “shocking news … that the number of 16-year-olds staying on in education has fallen for the first time in years”. It is hardly shocking when you consider that the fall in … Continue reading
(UPDATE) UK – The number of unemployed fell by 65,000, record numbers of pensioners working and youth long-term unemployment at all-time high
For March to May 2012: The employment rate for those aged from 16 to 64 was 70.7 per cent, up 0.3 on the quarter. There were 29.35 million people in employment aged 16 and over, up 181,000 on the quarter. The unemployment rate was 8.1 per cent of the economically active population, down 0.2 on the … Continue reading
UK – Unemployment falls for the over 65s , yet youth unemployment is now 21.9%
The latest unemployment figures show that the number of over 65s in work has risen by 52,000 to reach 929,000, the highest number since records began in 1992. Yet in the same period, youth unemployment has fallen by just 10,000. (It is now 21.9%, meaning over 1 in 5 under 24s is jobless.) In response … Continue reading
UK – Huge Drop in membership of private pension schemes
The Office for National Statistics has recorded a significant downwards trend in employee membership of private sector defined benefit (DB) schemes – down from 34 per cent in 1997 to 9 per cent in 2011. Overall, employee membership of employer-sponsored pensions in the private sector fell from 46 per cent in 1997 to 32 per cent … Continue reading
UK – How will training budgets change
How have learning and development budgets changed over the past 12 months? Across the whole economy, nearly two-fifths of organisations say their learning and development budget has remained unchanged over the past year. A further three in ten report a decrease, while one in four says it has increased. More than half of respondents from … Continue reading
UK – The number of unemployed fell by 65,000 in the three months to May
For March to May 2012: The employment rate for those aged from 16 to 64 was 70.7 per cent, up 0.3 on the quarter. There were 29.35 million people in employment aged 16 and over, up 181,000 on the quarter. The unemployment rate was 8.1 per cent of the economically active population, down 0.2 on the … Continue reading
UK – Youth Unemployment – British youth poorly prepared for world of work
Under-24s need more help into the jobs market and a better apprenticeship structure, a new report claims Charting a path from school or university into the 21st century workplace was already tough for young people even before the Great Recession tore into businesses throughout the country and left more than a million under-24-year-olds unemployed. But … Continue reading
UK – Welfare to work – Social Enterprise Co-ordinating scheme goes bankrupt
The government’s controversial welfare to work initiative has suffered another blow after it emerged that a social enterprise firm hired to get the long-term jobless into employment has gone into liquidation, claiming banks refused to lend it money to stay afloat because they considered the work programme to be too financially risky. Eco Actif, a … Continue reading
UK – A Campaign for a Public Inquiry into the Economic Crisis – International Business Times
Long before calling for public inquiries was made fashionable by the Labour party, one group of angry, politically cognisant members of the public decided that enough was enough with politicians, bankers, and the economy. The Campaign for an Independent Inquiry into the Economic Crisis in the UK, as it is not-so-pithily named, has struggled to … Continue reading
UK – Two-thirds of employers rate the cost-effectiveness of their recruitment and selection practices as good or very good
UK employers have mixed views as to the effectiveness of the recruitment processes used by their organisations, XpertHR benchmarking research on key recruitment metrics in 2012 (XpertHR Benchmarking subscription required) finds: Two-thirds of UK employers rate the cost-effectiveness of their recruitment and selection practices as good or very good. In total, 96% say their levels … Continue reading
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