Another jobs tax – how the Budget fails to deliver growth or jobs
The Autumn budget was a missed opportunity. It wasn’t quite the catastrophe of last year, but it fell far short of the pro-jobs, pro-growth Budget…
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.
ONS Labour Market Data: More People Looking For Fewer Available Jobs: With 2.3 Jobseekers Per Vacancy
The latest ONS Labour Market info has been released for the Quarter May to July 2025. There are now more people looking for fewer available…
Beyond Results Day: Are We Building The Workforce For Skills England’s 2030 Vision? FE Soundbite Edition 810
Welcome to FE Soundbite Edition 810: 16th August 2025 | Beyond Results Day: Are We Building The Workforce For Skills England’s 2030 Vision? Level 3…
Never Mind if Young People are ‘Work Ready’, Are Workplaces Ready to Work with Young People?
The latest Office for National Statistics figures confirmed that one in eight young people aged between 16-24 were not in education, employment or training (NEET).…
What Are The Skills England Priorities For 2025-26?
Bridget Phillipson, Secretary of State for Education has written a letter to the Joint Chief Executives of Skills England (Tessa Griffiths and Sarah Maclean), setting…
Closing The Disability Employment Gap: Why Inclusive Hiring Is A Social And Economic Imperative
This article is the first in a three-part series exploring the disability employment gap. Closing this gap starts at school, where early interventions and inclusive…
How Can Barriers to Social Mobility be Removed?
How do you define social mobility and why does it matter? How can educational and work opportunities be better integrated to improve social mobility in…
Trust, Fraud and Reform: Navigating the FE Sector’s Biggest Challenges | FE Soundbite 785
Welcome to FE Soundbite Edition 785: 22nd February 2025 | Trust, Fraud & Reform: Navigating the FE Sector’s Biggest Challenges This is the weekly e-newsletter…
ONS Labour Market – 136,000 People Aged 16-24 Now Unemployed, Making Up Two Thirds of New Jobseekers
The February 2025 Labour market overview for the UK has been released by the Office for National Statistics. Estimates for payrolled employees in the UK…
Supporting Young People to Develop the Skills they Need to Thrive
Young people increasingly leave the education system without any experience of work, seriously undermining their ability to develop the skills that employers value. There’s a…