Job Market Monitor
UK
UK | Black graduates hardly hit by jobs crisis
In a survey of 2,000 black students more than 40 per cent said they anticipated discrimination from employers because of their race, while around 60 per cent did not expect to be in full-time work within six months of graduating. But the study found that cultural and educational factors were just as important in the … Continue reading
UK Job Gap summed up in one chart
Yesterday I wrote that the ‘recovery’ in the labour market was driven part-time and precarious work and marked by falling real wages writes Duncan Weldon. The chart below sums up many of the outstanding issues: Source: Read more @ Our jobs problem summed up in one chart | Liberal Conspiracy. Related article Job Gap | 600 … Continue reading
UK Labour Market | Surprisingly Positive Results
The employment rate for those aged from 16 to 64 was 70.4 per cent, up 0.1 on the quarter. There were 29.17 million people in employment aged 16 and over, up 53,000 on the quarter. The unemployment rate was 8.3 per cent of the economically active population, down 0.1 on the quarter. There were 2.65 … Continue reading
Minimum Wage | Options for a radical reform
Professor Alan Manning, Head of the Economics Department at the London School of Economics where he has taught since 1989, takes steps back from the current annual debate about the appropriate but small rise in the value of the minimum wage to ask a bolder question: are there more radical reforms of the minimum wage that … Continue reading
UK | Universities | An “F” on employability
Good-quality, independent careers advice has never been needed more in universities. According to recent figures from the Office for National Statistics, in the final quarter of 2011, the graduate unemployment rate stood at 18.9% – almost one in five, and very slightly below the spike of 20% in the third quarter of 2010. And with … Continue reading
UK | Youth | Year Gap | 7,000 To Be Subsidised By Government
The government is set to hand out huge subsidies to 7,000 students and young people who want to take time out with a gap year within the next three years. The overseas volunteer gap years include work in water conservation, teaching and improving awareness about HIV. Charities involved in the placements include the British Red … Continue reading
UK | Skills crisis writes Insider deputy editor Ben Pindar
Insider deputy editor Ben Pindar looks at the prospect of a skills crisis in the burgeoning digital sector. Earlier this year, I wrote here about how a skills crisis was holding back businesses in the region, particularly in the manufacturing sector. The piece followed an interview with Prime Minister David Cameron challenging him to tackle … Continue reading
UK | Ageism is back
After receiving thousands of rejection letters, 60-year-old Anthony Barlow decided to conduct an experiment. He had been on the dole for more than a year and was becoming convinced his age was the reason. So he responded to a job advert with two applications: one with his real age and another with a date of … Continue reading
UK Youth Unemployment | From 6,000 to 50,000 on Jobseekers’ Allowance for more than one year
As recently as 2008 there were fewer than 6,000 18-24 year olds who had been on Jobseekers’ Allowance for more than a year. That number is now just under 50,000 – more than eight times as many. This is not just the recession and its aftermath: after falling back somewhat in the year to May … Continue reading
UK | Manufacturers favour of older workers over school leavers
New research shows employers in manufacturing and engineering are far less likely to offer opportunities to inexperienced young people – whom they would have to train up and supervise more – when there are plenty of “job-ready” older people available to do the work due to Britain’s rising unemployment toll. The admission from industry employers … Continue reading
UK | Nissan new hatchback will create 1,000 jobs
Japanese car giant Nissan is to build a new hatchback at its UK plant, creating more than 1,000 jobs at the site and at component companies. The announcement was made by Prime Minister David Cameron and Nissan chief operating officer Toshiyuki Shiga, during a visit to Nissan’s headquarters in Yokohama, Japan on Tuesday. The new … Continue reading
UK | Skilled migrant cap frozen for two years
The British government has bowed to pressure from business by pledging to freeze the cap on the number of skilled workers allowed into the UK for two years. The annual limit on skilled workers from outside the European Economic Area will remain at 20,700 until April 2014, the Home Office said on Wednesday. Independent advisers … Continue reading
UK | Capita to cut up to 400 jobs
Outsourcing firm Capita is set to cut up to 400 jobs across the UK. Unite said that as part of the company’s proposal, Capita would also offshore a significant number of staff to India. The trade union said it may consider an industrial action ballot, in response to the moves. The staff affected are understood … Continue reading
UK | Young Unemployment | Clegg Launches £1bn Flagship Scheme
Nick Clegg is today launching his £1bn flagship scheme to get young people into work amid accusations that the government has been complacent over youth unemployment. The Deputy Prime Minister – who has championed the plan in the coalition – will say the start of the Youth Contract offers a route into work for young … Continue reading
OECD | UK | Back in recession – The Guardian
The UK is heading back into recession and will be among the slowest of the world’s largest economies to recover in the first half of this year, according to a study by the Paris-based thinktank, the OECD. Only Italy will struggle over a longer period to return to growth, highlighting the difficult situation confronting the … Continue reading
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