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New research conducted into the biggest trends in the UK jobs market has shown a rapid rise in the availability of roles in artificial intelligence - but don’t worry if that’s not yet an area ...
UK unemployment surged to a two-year high of 4.4%, with job vacancies dropping by 12,000 to 904,000 in 2024. Despite the weakening job market, wage growth remained strong at 6%, outpacing inflation with a 2.9% real-terms increase.
Official figures showed a record 356,000 increase in payrolled workers between May and June – the seventh monthly rise in a row.
The Office for National Statistics said the number of UK payrolled workers jumped by a record 184,000 between November and December to 29.5 million. UK jobs market shrugs off Omicron as number of ...
Jobseeker's Allowance (JSA) is an unemployment benefit paid by the Government of the United Kingdom to people who are unemployed and actively seeking work. It is part of the social security benefits system and is intended to cover living expenses while the claimant is out of work.
In 2011 the UK manufacturing sector generated approximately £140,539 million in gross value added and employed around 2.6 million people. [105] [106] Of the approximately £16 billion invested in R&D by UK businesses in 2008, approximately £12 billion was by manufacturing businesses, mostly located in England. [106]
Recent data has undoubtedly shown a labor market that's far cooler than the hot jobs market of 2022, which rebounded following pandemic shutdowns. The unemployment rate has steadily crept up in ...
However, the labour market differs from other markets (like the markets for goods or the financial market) in several ways. In particular, the labour market may act as a non-clearing market. While according to neoclassical theory most markets quickly attain a point of equilibrium without excess supply or demand, this may not be true of the ...