The impact of the cost of living crisis and rising inflation, with continuing industrial action in some sectors and an uptick in the rate of unemployment and economic inactivity. Redundancies/reductions in force, business transfers, and reorganisations Developments in redundancy law Legislative change:...
As of 2023, estimates show there will be 36.4 million graduates in the UK. Undergraduate figures increased by 0.4% from 527,070 in 2021 to 529,360 in 2022. Recent graduates (2020 onwards) currently face an unemployment rate of 12.7%, which equates to over 96,000 unemployed graduates each...
In the UK, the employment rate is calculated as a proportion of people aged between 16 and 64 years who are in paid work. On the other hand, the unemployment rate doesn’t represent the entire unemployed British population. Unemployment measures people who are not in paid work but have been...
“At the end of 2022, official figures indicated that the UK's unemployment rate had edged up, while job vacancies remain near record levels. The cost of living continues to rise at its fastest rate in almost 40 years, partly due to the war in Ukraine, Covid and UK political turmoil, ...
UK wage growth hits a record high at 8.5% including bonuses Unemployment remains at 4.3% as number o... Week Ahead – US inflation key, ECB ponders rate pause, UK labor market data Posted by: Craig Erlam Sep 8, 2023 Share 0 US This week is all about the US CPI report and retai...
300 from the pre-pandemic levels in January to March 2020. The UK employment rate was estimated at 75.7%, 0.1% higher than the previous three-month period, although 0.9% lower than before the pandemic. However, the unemployment rate fell further to 3.7%, 0.2% lower than before the ...
In the past, expats interested in working in Austria could anticipate a long, tedious job hunt, often ending in disappointment. Non-European Union (EU) citizens had little access to Austria's highly developed economy - it's one of the richest in the world and has minimal unemployment - due...
CV Library: Best locations to find new jobs (https://www.cv-library.co.uk/career-advice/start/best-locations-find-new-job-right-now/) OECD: Getting Skills Right: United Kingdom ONS: Overeducation and hourly wages in the UK labour market ...
Overall, with the unemployment rate at just 3.8% it seems clear that businesses demand for labour is holding up well, even as the broader economy slows. Pay growth slowing but still far too high for the MPC Regular wage growth was unchanged at 6.6% in the three months to February ...
become a lower burden on households as the year progresses, with real wage growth now positive. The unemployment rate remains relatively low by historical measures. During 2024, consumer sentiment should be further boosted by sizable benefit and state pension increases, alongside a higher minimum ...