ONS Labour Market: 2.8 million people are not working due to long-term sickness
According to the February ONS Labour Market data (13th February 2024) over the last year, employment growth has slowed and over the same period, the…
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.
Definition: A labour market is the place where workers and employees interact with each other. In this market, employers compete to hire the best, and the workers compete for the best satisfying job.
The most popular response to hiring difficulties has been to raise pay (44%). But employers may be reaching a limit on how much further they can go on pay: only 27% anticipate raising pay in future to address hard-to-fill vacancies. Encouragingly, employers are also looking to other means to tackle staffing challenges: 39% have focused on upskilling more existing staff and 38% have advertised more jobs as flexible. These are vital factors in improving job quality and will be increasingly important for employers as they wrestle with recruitment as well as retention.
According to the February ONS Labour Market data (13th February 2024) over the last year, employment growth has slowed and over the same period, the…
Reed.co.uk unveils 2023 labour market review: rising applications and better pay for workers, despite a challenging economy Reed.co.uk, one of the UK’s leading jobs and…
There were 131,000 working days lost because of labour disputes across the UK in October 2023. Three-fifths of the labour disputes were in the health…
With the release of the FE Collective report, Gavin O’Meara CEO of FE News explores how having a re-think on the impact of AI on…
Welcome to FE Soundbite Edition 721, 18th November 2023: Back to work and a flattening labour market This is the weekly e-newsletter and e-journal brought…
Payroll employment is at a record high at 30.2 million – 398,000 higher than this time last year and 1.2m higher than before the pandemic. November Main Points…
Labour market continued to cool over the summer – but data quality problems make it harder to make crucial decisions on interest rates and inactivity The…
In the ever-evolving landscape of further education, staying ahead of the curve is crucial. The FE News team is proud to announce their first-ever event,…
It’s difficult to grasp just how dependent we are on technology to perform our daily tasks, whether at work or in our personal lives. The…
Stephen Lambert examines the plight of Northern older workers locked out of the labour market and outlines what needs to be done to overcome barriers…
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