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Labour Market Briefing.pdf

The_Labour_Market_Story-_The_UK_Following_Recession.pdf
Preview of Labour Market Briefing
🔗 Source: gov.uk
📊 Size: 772 KB
📄 Pages: 57 pages
⬇️ Downloads: 77

Summary

The UK economy is recovering from recession, with unemployment falling rapidly, but labour productivity has fallen and remains weak, partly due to skills mismatch. Unemployment rose, but less than expected, and hit marginal groups hardest. Regional variations exist, but traditional 'north-south' narratives are incomplete. Real pay has declined, linked to productivity and inequality. Higher-skilled individuals are more likely to stay employed and earn higher wages. Policy can help by adapting education, training, and employment institutions to changing market conditions, requiring employer participation.

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Description

The UK economy is recovering from recession, with unemployment falling rapidly, but labour productivity has fallen and remains weak, partly due to skills...

Technical Information

  • File Format: PDF
  • File Size: 772 KB
  • Pages: 57
  • Language: EN
  • Total Downloads: 77
  • Last Updated: 1 week ago

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