1.8m active job ads suggest “soft landing” likely for labour market – REC
Midway through the first quarter of the year the number of active job postings is settling at around 1.8 million, according to the latest Recruitment…
labour market
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.
Every month, ONS releases information and statistics about the labour market.
Recruitment intentions are above pre-pandemic levels and appear to be on an upward trajectory. Almost three-quarters (74%) of employers say they are planning to take on new staff in the next three months. But as expected, recruitment difficulties remain, with 45% saying they have hard-to-fill vacancies.
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.
March 2024 ONS Labour Market – Youth inactivity at highest on record. Sector Response
2.7 million people are now not working due to long-term sickness Main points Payrolled employees in the UK rose by 15,000 (0.0%) between December 2023…
Charting the Future – Canada’s Economy and the Role of Employability Services in Job Market Transformation
This article discusses Canada’s economy and the role of employability services in addressing job market challenges and laying the groundwork for long-term economic resilience amidst…
EPI finds stark inequalities in post-16 education outcomes across the UK
A new report by the Education Policy Institute (EPI) and the Oxford University Centre for Skills, Knowledge and Organisational Performance (SKOPE) has revealed major differences…
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…
Reed.co.uk unveils 2023 labour market review
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…
December Labour Market 2023: Sector Response
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…
AI for Good: Joining up the Dots
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…
New Back to Work Plan and a flattening labour market – Soundbite Edition 721
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…
November Labour Market 2023: Sector Response
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…