Job Market Monitor
United Kingdom
Persistent Poverty in the UK – 4.6 million people in 2013
This article provides analysis on people in persistent poverty and their associated characteristics. It shows that: In 2013, 7.8% of the UK population were considered to be in persistent income poverty, equivalent to around 4.6 million people. Persistent poverty is defined as being in relative income poverty both in the current year and at least two out of … Continue reading
Short-Term International Migration in UK – 53,000 international visits were made to England and Wales for 3 to 12 months for employment
This section explores patterns of short-term international migration for 3 to 12 months for employment (including those looking for a job). There are 2 definitions of “employment” to consider: employment as defined by the UN (henceforth referred to as “employment”) refers to the UN definition of employment, which includes migrants going to a definite new job, … Continue reading
UK Job Report – Employment rate for people aged from 16 to 64 at record level (73.5%)
Main points for January to March 2015 Comparing the estimates for January to March 2015 with those for October to December 2014, employment continued to rise and unemployment continued to fall. These changes maintain the general direction of movement since late 2011 to early 2012. There were 31.10 million people in work, 202,000 more than … Continue reading
UK – Near-term employment prospects remain buoyant CIPD finds
The quarterly CIPD Labour Market Outlook (LMO) provides a set of forward-looking labour market indicators, highlighting employers’ recruitment, redundancy and pay intentions. The survey is based on responses from 1,013 employers, many of whom are drawn from the CIPD’s membership of more than 130,000 professionals. The latest report shows that near-term employment prospects remain buoyant. This … Continue reading
Youth Unemployment in US – Lessons from the US
With youth unemployment recently reaching all-time highs and in anticipation of further austerity measures in the UK, this report explores collaborative youth employment initiatives in eight US cities with distinctive labour market challenges to identify the factors that lead to effective intervention. Collaborative working in the field of youth employment support has taken a variety … Continue reading
European immigration in UK – They cost to government £408.12 per second and contribute £463.35 per second in revenues
This report has been commissioned by Rapid Formations to develop a firm understanding of European migrants who choose to settle in the United Kingdom and assess whether they pose any impact on the UK’s economic stability. Overall, research suggests that migrants from the European Union pose a statistically significant net benefit to UK public finances … Continue reading
Unlocking the sharing economy in UK – A report
In September 2014, Matthew Hancock MP, the Business Minister, asked me to write a report on the sharing economy – and to make recommendations as to how the UK could become a global centre for this fast-growing sector. The sharing economy allows people to share property, resources, time and skills across online platforms. This can … Continue reading
UK – The highest proportion of employees with a workplace pension on record
Workplace pension reforms The Pensions Act 2008 put in place a framework for workplace pension reform designed to increase private pension saving in the UK. This framework was amended slightly by the Pensions Acts 2011 and 2014. One of the key reforms was that, from October 2012, all eligible employees are to be automatically enrolled … Continue reading
UK – 70% moved out of poverty by getting a job ONS finds
Entering employment is widely thought to be the most effective route out of poverty, a view supported by a range of research. But does getting a job always lead to people leaving poverty? Our new analysis shows that between 2007 and 2012, of those aged 18 to 59 who were in income poverty, but then … Continue reading
Immigration in UK – It added 2.4 million individuals with low numeracy skills research finds
Each year more than 300,000 people leave the UK to begin a new life overseas. In their place around 450,000 immigrants travel across our borders to seek new opportunities. But do immigrants adequately fill the jobs, and skills gaps, left behind by those who leave the UK? And do emigrants from this country enjoy a … Continue reading
Digital Skills in UK – Failing to address its digital skills shortage
A report from the Digital Skills Committee, released this month, has explored how the UK is currently failing to address its digital skills shortage. Given that digital is undeniably the future, this is an important issue. Digital skills are shaping the future of the UK, as they have a direct impact on people’s productivity. Studies … Continue reading
OK – Old displace young on income ladder
When I was a kid old people weren’t very well off. The words poor and pensioner often went together. I remember a poster (presumably by one of the age charities) which I used to pass on the way to my swimming lesson. It said something like, “Poverty and loneliness, the punishment for old age.” That would have … Continue reading
Workplace pension scheme membership in UK – Up to record 59% in 2014, from 50% in 2013 ONS finds
Workplace pension scheme membership has increased to 59% in 2014, from 50% in 2013, driven by increases in membership of occupational defined contribution and group personal and group stakeholder schemes.The increase is likely to be driven by automatic enrolment. Occupational defined benefit pensions schemes represented less than half (49%) of total workplace pension membership in … Continue reading
Minimum Wage in UK – Low Pay Commission recommends 3%
The Low Pay Commission (LPC) has today recommended to the Government that the adult rate of the National Minimum Wage, which applies to workers aged 21 and over, should rise by 3 per cent to £6.70 from October 2015. The LPC’s aim is to advise on a rate that protects as many low-paid workers as … Continue reading
Zero-hours Contracts in UK – Save the country from eurozone levels of unemployment’
Business groups defend companies who use zero-hour contracts after new figures reveal 697,000 people in the UK are on them Business groups have defended companies using zero-hours contracts, arguing that they have protected the UK from the high levels of unemployment seen on the continent. The Institute of Directors (IoD) and Confederation of British Industry … Continue reading
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