2.6m Worker Shortfall By 2030

By 2030, the UK could have a shortfall of 2.6m workers, equivalent to almost twice the size of the NHS workforce.  New research by the International Longevity Centre projects that this shortfall will be due to the population ageing, COVID-19 and Brexit all impacting on the economy in the coming years.  They warn that recent […]

One In Four Are Considering Leaving Self Employment

Many self-employed people are still struggling to rebuild their business to where it was pre-pandemic, with one in four (23%) saying that conditions are so bad that they are considering stopping self-employment altogether.  Other insights from latest research by Aldermore Bank are: Over half (51%) of self-employed people think their financial situation has become worse […]

Skills Challenges in Financial, Professional and Business Services

New research suggests that addressing skills gaps within the financial, professional and business services (FPBS) sector could boost its yearly output to levels 12% larger than those observed today, equivalent to £38bn annually by 2038, with much of these gains helping to support regional levelling-up across the UK. The report, ‘Skills For Future Success’, from […]

Hirer Confidence Increases Even In Lockdown – REC JobsOutlook

Businesses’ confidence in their ability to hire new staff continued to improve in the three months to February 2021, according to new data from the REC. Employer confidence in hiring rose to a net level of +13 in December-February 2021, six percentage points higher than in the three months to January. In February alone, this […]

Are We on the Road to Recovery?

Yesterday the Prime Minister presented a roadmap out of lockdown and towards post-pandemic recovery, and the prospect of being able to see friends and family is getting closer. Good news for many.  Yesterday Boris also promised to put his arm around business, also good.  In the less good pile is that Boris could not give […]

012 What is happening within the jobs market right now?

With so many different official statistics and varied opinions about the jobs market, we decided to bring you an overview of what is really happening in the UK’s jobs market and where the opportunities are.  We talk to Belinda Johnson, founder of Worklab, who has for many years been deciphering government statistics, data and market […]

Construction Industry Leads the Way Towards Economic Recovery

Despite the pandemic, December 2020 was the busiest and best period for the construction industry as it was the fourth consecutive month that self-employed contractors earnings have increased.  The best performing regions were the North West (up 9.1%), the South East (up 4.1%) and the North East (up 2.6%).  Unfortunately the West Midlands saw a […]

Temporary workers are critical to the UK’s recovery

Latest data from the REC (trade body for the recruitment industry) clearly illustrate the importance of temporary workers to the UK’s economy and post-pandemic recovery.  The REC and KPMG Report on Jobs Survey issued on 8 January 2021 show a rise in permanent placements at the end of 2020, and temporary vacancies rising a much […]

Latest government figures on the labour market

Today’s ONS figures cover the period June to August 2020. Importantly, this month’s data includes revisions to estimates since March 2020, following a reweighting exercise by the Office for National Statistics (ONS). The revisions have resulted in a 300k lower estimate of employment than previously estimated. Redundancies have risen sharply again this month, doubling on […]