Search Results for: unemployment

UK outpaced by other nations when it comes to women in work

UK outpaced by other nations when it comes to women in work

Despite holding firm in 16th place, the UK is being outpaced by greater improvements in female employment prospects in other OECD countries, according to PWC’s latest Women in Work Index, which analyses female economic empowerment across 33 OECD countries. While the UK performs above the OECD average and is second only to Canada when compared to other G7 economies, its position has barely budged since 2000 when it stood in 17th position, despite improving its performance across all five indicators. (more…)

UK squandering workers’ potential through lack of training

UK squandering workers’ potential through lack of training

workplace trainingThe UK is ignoring the value of millions of workers by overlooking workplace training and opportunities to upskill, a new survey has suggested. According to the Missing Millions report from City & Guilds Group, a third of employees have either not received workplace training in the last five years or have never had any such training – equating to 17.8 million people in the UK with outdated skills. The result, the report claims, is declining productivity and problems remaining competitive. (more…)

Majority of people living in poverty are in a working family

Majority of people living in poverty are in a working family

povertyMore than half of the people in the UK classified as living in poverty are members of a working family. According to the Joseph Rowntree Foundation’s state of the nation report on poverty in the UK, poverty has risen for children and pensioners over the last five years. Although employment has increased, in-work poverty has also gone up because often people’s pay, hours, or both are not enough. (more…)

Self-employment hits the 5 million mark for the first time

Self-employment hits the 5 million mark for the first time

women are spearheading the rise in self-employmentUK job growth was the strongest in nearly a year in the three months to November, according to new government data. The Office for National Statistics said the strong jobs growth reflected a particularly weak three-month period to August when jobs fell, but the data also showed the employment rate hit a record high of 76.3 percent with jobs growth driven particularly by self-employment and the numbers of women in full time work. (more…)

The Fourth Industrial Revolution is upon us and we`re not ready for it

The Fourth Industrial Revolution is upon us and we`re not ready for it

fourth industrial revolution Cast your mind back a decade or so and consider how the future looked then. A public horizon of Obama-imbued “yes we can” and a high tide of hope and tolerance expressed in the London Olympics provides one narrative theme; underlying austerity-induced pressure another. Neither speaks directly to our current world of divisive partisan politics, toxic social media use, competing facts and readily believed fictions. (more…)

Oxford and Reading are best cities in which to live and work in the UK

Oxford and Reading are best cities in which to live and work in the UK

best citiesOxford has been recognised as the top performing city in the UK to live and work for the fourth year in a row in a nationwide study carried out by PwC. The city has emerged ahead of Reading thanks to work-life balance, income, transport and skills with Bradford being crowned as the most improved city. Published today (12 November 2019), the annual Demos-PwC Good Growth for Cities 2019 sets out to show there’s more to economic well-being than just measuring GDP. The index measures the performance of 42 of the UK’s largest cities, England’s Local Enterprise Partnerships (LEPs) and ten Combined Authorities, against a basket of ten factors which the public think are most important when it comes to economic well being. These include jobs, health, income and skills, as well as work-life balance, house-affordability, travel-to-work times, income equality, environment and  business start-ups. (more…)

The workplace of the future and its tech must work for the good of society

The workplace of the future and its tech must work for the good of society

Majority of American workers are unhappy in their jobs

Majority of American workers are unhappy in their jobs

American workers are unhappyAlthough more people are in work in the US than at any time in the past 50 years, only 40 percent of American workers say that they work in good jobs, according to a new study (registration) from the Lumina Foundation, the Bill & Melinda Gates FoundationOmidyar Network, and Gallup.  The report claims that 44 percent of workers surveyed said they had “mediocre” jobs while 16 percent said they were in “bad” jobs. (more…)

Young people struggle to find secure and meaningful work

Young people struggle to find secure and meaningful work

young people struggle to find meaningful workThe Institute for Employment Studies (IES) has published new research exploring young people’s experiences of work and the implications for their future health. Many of the issues raised are common across all age groups, but the report argues that they can be especially pronounced and harmful for younger people as they set about finding meaningful work that is also secure and well paid.

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Wellbeing issues dog growing number of men unable to find work

Wellbeing issues dog growing number of men unable to find work

wellbeing issues for unemployed menA new IZA World of Labor report suggests that the number of prime-age males who exist outside the labour force is increasing worldwide. The report claims that this development goes hand in hand with a decrease in wellbeing for the men themselves driven by higher levels of stress and has a wide range of economic and social consequences. (more…)

Skills gap driven by changing structure of labour market

Skills gap driven by changing structure of labour market

skills gapRecent years have seen a widespread drop in global unemployment rates but what continues to puzzle economists has been the subsequent failure of wage inflation to follow suit. This has created an unusual phenomenon of wage stagnation across global markets, according to the eighth edition of the Hays Global Skills Index, a report into skills and the skills gap published by recruitment firm Hays in collaboration with Oxford Economics. (more…)

Mixed messages in labour market, but signs of trouble ahead

Mixed messages in labour market, but signs of trouble ahead

Work-life balanceThere are mixed signals in today’s jobs figures for the UK. Optimists will point to continued record employment, a slight fall in unemployment and earnings growth higher than at any point since the recession – despite everything, the labour market is still going strong. For pessimists though, there are strong signs of things slowing down: vacancies have fallen to their lowest since 2017, the growth in employment is virtually flat, and the number of young people not in employment or education is rising again. So what is really going on? (more…)