Job Market Monitor
United Kingdom
Apprenticeship in UK / Dominated by older workers and existing employees says an expert
Most apprenticeships offered by UK employers are given to existing members of staff, making it harder for young people to get on the schemes, an expert said yesterday. Speaking at a Work Foundation conference on skills in London, Lizzie Crowley, senior researcher at the Work Foundation, said: “Around 80% of apprenticeships go to existing members … Continue reading
“4G” workplaces in UK / Some of your colleagues are old enough to be your great-grandparents
Some of your colleagues are old enough to be your great-grandparents, your office is entirely online and your competitors are algorithms. Welcome to the future of work in the UK. A ground-breaking report on the future of work, published today, highlights the dramatic changes the UK’s workers can expect to see in the next two … Continue reading
National Apprenticeship Week in UK – Vocational education as equal to academic qualifications
National Apprenticeship Week is a time to commend the achievements of apprentices and politicians have led the way with warm words about the work that apprentices do. One theme already this week has been the need to ensure that vocational education is seen as equal to, rather than second fiddle to, academic qualifications. The University … Continue reading
Unemployed Fathers in UK / Go to work or risk damaging your child’s self-esteem
Children risk being ‘damaged’ if their fathers are unemployed as they lose a role model, a Government report has claimed. In a report to health professionals, officials have warned that children lose a role model when their fathers are unemployed, and it affects their happiness and well-being. The Department of Health report found that children … Continue reading
UK / The start of the National Student Employment Week
Today marks the start of National Student Employment Week, an annual event designed to enhance employability and boost the job skills of students in the United Kingdom. Organised by the National Association of Student Employment Services (NASES), National Student Employment Week 2014 runs from today 24th February until 2 March and features a range of … Continue reading
UK vs G7 / Widest Productivity Gap in 20 years
Britain’s productivity gap with its major developed country rivals is at its widest in 20 years, following the flat-lining of the economy since the deep recession of 2008-09. International comparisons released by the Office for National Statistics show that output per hour worked in the UK is 21% lower than the average for the other … Continue reading
Grads Job Search in UK / Nearly 40% still hunting after six months
Nearly 40 per cent of graduates are looking for work six months after graduation, while a quarter are still unemployed after a year, according to new research. Conducted by the graduate recruitment website Totaljobs.com, the survey also shows that almost half of all graduates wished they had steered clear of academic courses, opting for ‘something … Continue reading
Jaguar Land Rover / Recruiting the first 500 in 1,700
Jaguar Land Rover has today begun recruitment for the 500 new jobs at its Solihull manufacturing facility as part of a 1,700 jobs recruitment drive. The plans, announced last September, will see the first intake consist of semi-skilled production operator jobs to support the production of new vehicles, included as part of the £1.5bn invested … Continue reading
Unemployment in UK / Monetary policy forward guidance overhaul
The overhaul of forward guidance sees the direct link with employment dropped so the Bank can focus on a much wider range of indicators. Presenting today’s Inflation Report the governor outlined “the next phase” of forward guidance, saying the Bank aims to see all spare capacity in the UK economy absorbed before it will lift … Continue reading
UK / Employers are expected to recruit many more graduates this year
Employers are expected to recruit many more graduates this year, according to the Association of Graduate Recruiters. Numbers of vacancies rose by more than 4% last year, with the AGR predicting a rise of 10.2% in 2014. The rise reflects growing business confidence and economic growth, the association says. Big growth sectors include IT and … Continue reading
Skills Gap in UK / Rise in job vacancies, but skills shortages accelerate says UKCES
A sharp rise in skills shortages could be holding back the UK’s economic recovery, according to new research published today (30 January). The report from the government’s skills experts, the UK Commission for Employment and Skills, finds that the number of job vacancies in England has returned to pre-recession levels. However, so-called “skills shortage vacancies” … Continue reading
Pension in UK / Introduce a ‘collective defined contribution’ plan says a report
Reform is underway to encourage people to work for longer and to save into a pension. However, contributing at the rates required by auto-enrolment across a full working life will give the current generation of employees a less than 50:50 chance of a decent income in retirement. New pension products and strategies are urgently needed … Continue reading
(Update) Labour on Welfare in UK / Rachel Reeves’s first major speech (video)
“A Labour government will introduce a Basic Skills Test to assess all new claimants for Job Seekers Allowance within six weeks of claiming benefits. Those who dont have the skills they need for a job will have to take up training alongside their jobsearch or lose their benefits. Labours Basic Skills Test will give the long-term unemployed a better chance of finding a job and will help us to earn our way out of the cost-of-living crisis.” Continue reading
UK Monetary Policy / Is the target unemployment rate a trigger or a threshold ?
U.K. Prime Minister David Cameron defended Mark Carney after the Bank of England governor said that policy makers will review forward guidance next month. Carney, who said last year that unemployment would need to fall to 7 percent before the BOE would consider raising interest rates, has seen the jobless rate drop faster than forecast. … Continue reading
UK / Unemployment rate falls to 7.1%
The unemployment rate in the UK has fallen sharply to 7.1 per cent of the workforce, taking it close to the target under the Bank of England’s much-criticised forward guidance policy Continue reading
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