Job Market Monitor
United Kingdom
Job Report in UK (February 2022) – The labour market is tight and participation is weak
Tuesday’s labour market data showed that many of the trends of recent months remain in play. The labour market tightened further, participation continued to disappoint and real pay packets kept falling, while nominal pay growth hasn’t yet shown clear signs of accelerating. The labour market is tight The labour market is now very tight on … 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
COVID in UK – Office for Budget Responsibility warns of 35% fall GDP and unemployment up to 10%
Evidence from past pandemics suggests that the economic impact of the coronavirus will arise much less from people falling ill or dying than from the public health restrictions and social distancing required to limit its spread. This will reduce demand for goods and services and the ability of businesses and public sector institutions to supply … Continue reading
COVID and Seasonal Workers in UK – Government asks millions of students and furloughed workers to pick fruit and veg
Farms won’t be able to recruit seasonal fruit and veg pickers from Europe, so those at a loose end will be asked to step in under the ‘Pick for Britain’ scheme. The government is to ask millions of university students and furloughed workers to pick fruit and veg amid the coronavirus crisis in a national … Continue reading
COVID in UK – The 80%
Yesterday, the Chancellor announced that last week’s pledge to underwrite 80 per cent of the wages of employees without work to do during this crisis is being matched with significant grants to the self-employed. This is an important addition to existing plans to support employees, and in many ways a more generous offer. The Self-Employed … Continue reading
Apprenticeships in UK – A steady rise in the number of starts at higher-education
The DfE publication included final figures on the number and type of apprenticeships that were started over the 2018/19 academic year. It confirmed one trend that we have continuously identified: the fall in apprenticeship starts at Level 2, and the steady rise in the number of starts at higher-education (Level 4+) levels, as the chart … Continue reading
Reskilling and Upskilling in UK – National Retraining Partnership and National Retraining Scheme
The Fourth Industrial Revolution is changing the world of work at rapid pace and driving up the level of skills required. But this picture is complicated further by declining levels of adult participation in learning precisely at the time it needs to be going up. The UK skills situation is made more challenging by a … Continue reading
Higher Education in UK – Detailed case studies of partnerships for high-level skills
The UK has a world-class university system that plays a crucial role in producing a highly skilled workforce that can meet the rapidly shifting needs of the country. To remain responsive, the sector is developing new models and approaches. Partnerships between higher education, further education, employers and other parts of the tertiary education system are … Continue reading
Skills Shortages in UK – The talent already in short supply will be in even greater demand by 2030
Profound structural shifts are under way in the UK workforce. Here’s how companies can prepare to meet the challenge and nurture the skills and talent that will help them stay competitive. The adoption of automation, along with technologies such as artificial intelligence (AI) and the Internet of Things, is likely to unleash profound structural shifts in … Continue reading
Skills in UK – The business case for investment
We live in extremely turbulent times, with major risks and uncertainty for the country’s future and economy. Uncertainty is not just brought about by Brexit, with its challenges of having to put in place international trade deals as well as dealing with the growing likelihood of a recession. The ‘Fourth Industrial Revolution’, arising from AI … Continue reading
NEET in the UK – Focus on skills and work incentives for reducing their misses two key obstacles
The number of young people who are not in employment, education and training – NEET, as this group has become widely known as – is a key indicator on the state of youth labour markets and opportunities for young people more generally. The persistence and, in the years following the global financial crisis, growth of … Continue reading
50 And Over in UK – The average age of exit of the labour market has increased by 2.3 years since 1996
This publication details the trends over time in the economic labour market status of individuals aged 50 and over. Analysis is provided on the three headline measures announced in the Fuller Working Lives (FWL) Strategy 2017 that the government use to monitor progress on FWL. The UK has an ageing population and workforce, therefore, it … Continue reading
Apprenticeship in UK – Understanding recent changes
In 2017 there was overhaul to the apprenticeships system in England: large firms were required to pay 0.5 per cent of their wage bill into an apprenticeship levy, while regulations on training and delivery were firmed up. Two years on, this briefing note takes stock of the system, looking at what’s changed, why and where … Continue reading
Future of Work in UK – The demographic changes
The Youth Commission aims to find ways to improve education and employment opportunities for England’s 16-24-year olds. Its first report identified five key challenges: • Better supporting 700,000 young people not in education, employment or training; • Increasing the number of young people qualified to at least Level 3; • Improving attainment in literacy and … Continue reading
Degree Apprenticeships in UK – The number is rapidly increasing
Degree apprenticeships are a success story. The number of people starting degree apprenticeships is rapidly increasing, the range of apprenticeships on offer is broadening and the first degree apprentices have recently graduated. But progress developing degree apprenticeships in England is being held back by poor levels of awareness among school pupils, parents and employers. Bold … Continue reading
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