October 28, 2019
Although 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 Foundation, Omidyar 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 →
October 17, 2019
The 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.
October 4, 2019
A 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 →
September 24, 2019
Recent 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 →
August 27, 2019
The job market can be competitive, even when the UK is experiencing all-time unemployment lows. In fact, the UK’s unemployment rate hasn’t been this good since the mid 1970s. This doesn’t mean that those in search of a job should ease off. There are now more ways than ever before to look for and apply for jobs. The days of searching for jobs on community notice boards are long gone and now we have an agglomeration of job search websites at our disposal. More →
August 19, 2019
News that over one million EU nationals have been given permission to remain in the UK after Brexit, gaining settled or pre-settled status offers businesses expanded talent pools for plugging skills gaps and talent shortages in their workforce. New research claims that talent management concerns are on the rise. With the ongoing ‘war for talent’ intensifying over future skills requirements, businesses must remain vigilant when it comes to the growing technical skills gaps in their workforce, the report suggests. More →
August 6, 2019
On the surface, the wellbeing of the American worker seems rosy. Unemployment in the U.S. hovers near a 50-year low, and employers describe growing shortages of workers in a wide array of fields. But looking beyond the numbers tells a different story. My new book, “The Importance of Work in an Age of Uncertainty,” reveals that some Americans are experiencing an erosion in the world of increasingly uncertain work that is hurting their wellbeing, relationships and hopes for the future. More →
July 26, 2019
The general picture of self-employment, the gig economy work and mental wellbeing is not a pretty one. Around the world, Uber drivers face wage and security worries. Deliveroo workers have too much competition. Airbnb owners face legal problems in Paris and other cities. But while these headlines suggest a dark cloud over the heads of gig economy workers, recent data I’ve looked at unexpectedly shows that they are about 33 percent more likely to self-report positive mental health traits.
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July 22, 2019
New analysis by economists at PwC claims that, if the UK could match Sweden in terms of its employment rates for women aged 25-54, older workers and the proportion of its young people not in employment, education or training, the potential boost to UK GDP could be as much as 12 percent, or around £250 billion at 2018 values. Although the UK labour market has been strong in recent years – the employment rate is at a record high of over 75 percent and unemployment is at its lowest level since the mid 1970s – new research from PwC indicates that performance is middling compared to other OECD economies. A new composite Labour Market Performance index, combining results from PwC’s Youth Employment, Golden Age and Women in Work indices, finds the UK is 19th overall amongst OECD countries. Iceland and Sweden top the combined index rankings based on the latest available annual data for 2018. More →
July 17, 2019
As with the last few months, the latest UK employment figures look like a sea of tranquillity. The number of people in work is up ever so slightly (setting another record), unemployment down slightly again (ditto) and earnings continuing to grow. After a couple of months where there were hints that the labour market might be cooling down, today’s figures suggest that it is heating up once more. However beneath the surface, the numbers highlight some big changes in employment trends – with two things in particular standing out. More →
July 9, 2019
New data from Rest Less claims that there are 3.4 million over 50s working part time today, an increase of 912,000 in a decade. The UK’s part time workforce age is rising, as is being driven by the over 50s more than any other age group, according to new analysis from Rest Less, a jobs, volunteering and advice site for the over 50s. More →
September 11, 2019
Mixed messages in labour market, but signs of trouble ahead
by Tony Wilson • Business, Comment