August Labour Market 2023- Sector Response
“Pay growth accelerates to end 18 month wage squeeze – but 15 year stagnation has left average earnings £230 a week lower than their pre-financial…
Labour market information (LMI)
Labour Market Information (LMI) is information about what is happening in a labour market. LMI tends to focus on the industries that are growing and declining, the types and levels of jobs are increasing and decreasing and what supply of labour is available – numbers, skill and qualification levels.
What is a labour market?
Definition: A labour market is the place where workers and employees interact with each other. In the labour market, employers compete to hire the best, and the workers compete for the best satisfying job. Description: A labour market in an economy functions with demand and supply of labour.
What is the meaning of labour market information?
Labour Market Information is all the quantitative data, like numbers and statistics, and qualitative information, or the personal stories to support the data, related to employment and the workforce.
July Labour Market 2023- Sector Response
“If we want to get inflation down in the long run, we need urgent action to address labour shortages and skills needs” The UK employment…
Top Three Articles in June: Who Will Win?
Each month, we find our Top Three most popular articles on FE News. FE News Unwrapped proved popular, so we decided to continue this and keep…
What lies beyond Employability Day?
As organisations across the country celebrate Employability Day – Friday 30 June – Elizabeth Taylor, ERSA Chief Executive, discusses the employment support landscape and what…
The issues swirling round delivery of the PM’s post-16 maths plan
In April the Prime Minister restated his New Year’s pledge to make maths education up to 18 compulsory, this time announcing the establishment of an…
Active job postings above two million despite economic uncertainty – REC
There are more than two million active job ads in the UK despite caution among employers, according to the Recruitment & Employment Confederation (REC) and…
June Labour Market 2023- Sector Response
Employment back to pre-pandemic levels but “clear signs that weak labour supply is holding back growth” The UK employment rate was estimated at 76.0% in February…
Working for better work: Prioritising employers
In this article, Elizabeth Taylor shares her takeaways from recent analysis of employers navigating Universal Credit. Supporting, challenging and protecting employers is critical to the…
Employer confidence in hiring bounces back – REC latest data
Employer confidence in hiring returns to positive territory for the first time since the beginning of 2022, according to new Recruitment & Employment Confederation (REC)…
Chancellor suggests the ‘default’ location for workers should be in the office
Jeremy Hunt has suggested that the ‘default’ location for workers should be in the office. The most recent official figures suggest the majority of people – 63.9%…