Richard Gelder’s Post

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Associate Director Not for Profit and Public Sector - 07790 345742 Specialist in Property & Asset Management, Social Housing, Development and Regeneration

The latest Office for National Statistics labour market data Job vacancies tracking slightly down again but remain at near 1m figure. Employment rate static at 30m Whilst its a 'flat' overall recruitment picture, its still means a very competitive recruitment market for most (and virtually unchanged if you are in a sector with chronic skills shortages such as care, health or logistics) My take is that the UK recruitment market has been consistent in the pattern of 'surge - lull - surge' for a number of years now (and even a lull is a difficult recruitment market given skills shortages....) Definitely time to take stock and think ahead - inevitable that the lull will become surge again Matrix #skillshortages

Today we have produced a new labour market metric, produced by adjusting our headline survey estimates using robust administrative data sources that we receive from other government departments. This maintains the accuracy of our key statistics. The new adjusted Labour Market data published today show:  ️▪️ employment was 75.7%  ▪️ unemployment was 4.2%  ▪️ economic inactivity was 20.9% Read more ➡️ https://lnkd.in/epcpbhcp

  • Headline indicators for the UK labour market 
June to August 2023 
Employment (ages 16 to 64 years) 75.7% 
Unemployment (ages 16 years and over) 4.2% 
Economic inactivity (ages 16 to 64 years) 20.9% 
Publication: UK Labour Market: October 2023

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