Cost of living pressures set to ease as inflation tipped to fall again August 14, 2023 Cost of living pressures facing households are set to ease, as experts predict inflation will fall below wage growth for the first time since last April. Official figures out on Tuesday are tipped to show that wage growth hit 7.4 per cent in the three months to June on an annual basis, up from 7.3 [...]
Skills shortage doubled since pre-Brexit and pandemic as four in five firms struggle to fill roles March 27, 2023 Four in five businesses are struggling to fill vacancies because of a lack of skilled workers – the highest number in 17 years, new research suggests. Employment group Manpower said the number of employers reporting skills shortages has increased six-fold over the last decade – and more than doubled since pre-Brexit and the pandemic. A [...]
Budget ‘returnerships’: Will Jeremy Hunt’s plans to get over 50s back to work, work? March 15, 2023 Scrapping the lifetime allowance on pensions was just one of several measures announced in the Spring Budget aimed at getting the over 50s back to work, Many argue the move will only affect one per cent of the population, and was aimed at stopping an exodus of NHS doctors – who have often built up [...]
Cost of living crisis: Inflation sees Brits take a real-terms pay cut yet again March 14, 2023 British workers’ wages have been eroded by sky high inflation for the 15th month in a row despite them bagging bumper pay rises, official figures out today show. Real regular pay, which measures pay growth in cash terms minus inflation, fell on a monthly basis in January, according to the Office for National Statistics (ONS). [...]
UK unemployment figures could be three times higher than official figures with an ‘army of missing workers’ not accounted for – report January 31, 2023 The UK’s unemployment rate could be three times higher than government figures show due to widespread “hidden unemployment,” a report has warned. Official figures published by the UK’s Office for National Statistics (ONS) show there are just 1.2m unemployed people in Britain, leading to an unemployment rate of 3.7 per cent. However, the Centre for [...]
Exclusive: UK firms stop hiring and mull layoffs as recession takes hold January 9, 2023 Layoffs are on course to climb, driven by businesses cutting costs amid what risks being the longest UK recession in memory, exclusive research shared with City PM indicates. Firms are planning to pause hiring or even sack workers to protect their finances from a slump in spending sparked by the cost of living crisis. Nearly [...]
Labour: Work from home but reverse pandemic retirement, over-50s urged January 7, 2023 Labour is hoping to tempt over-50s out of early retirement with the right to work from home. The shadow work and pensions secretary, Jonathan Ashworth, has outlined plans to entice over-50s to take up employment again. Speaking with The Daily Telegraph, Keir Starmer’s spokesperson on the issue, Ashworth, said Labour will launch a series of [...]
Decade high 400k working days lost to strike action in October December 13, 2022 Over 400,000 working days were lost to strikes in October, the highest since November 2011, official figures from the Office for National Statistics out today reveal. Britain has been hit with a wave of industrial action by railway, postal and health workers sparked by pay and working conditions disputes. Working days lost to staff walk [...]
Economic gloom finally sweeps through UK jobs market November 10, 2022 UK job growth has slimmed for the first time since the 2021 Covid-19 winter lockdown, driven by employers bracing for the longest recession on record, a new survey out today unveils. For the first time since February 2021, when the country was in the late stages of the third and longest pandemic lockdown, businesses trimmed [...]
US employment market tightens as companies add 263,000 jobs October 7, 2022 US employers added 263,000 jobs in September as the country’s unemployment rate dropped to 3.5 per cent, figures from the Bureau of Labour Statistics show. Economists polled by Reuters had previously expected US employers would add 250,000 jobs in September. The figures mark both a slowdown and a tightening of the US jobs market, [...]
