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The denominator here is also known as the "Labour Force" or the "Economically Active Population". In the three months to February 2017 there were 33.4 million people in the UK labour force and 1.56 million people classed as unemployed. These figures gave an official UK unemployment rate of 4.7%. [8]
UK politics live: Labour warned National Insurance hike could torpedo plan to get millions back to work ... “Young apprentices are being paid as little as £6.40 an hour on the current National ...
Sanjay Raja, chief UK economist at Deutsche Bank, said: “The road ahead remains bumpy.” He added that the tax rises could hit business spending before Labour’s own spending plans start ...
Mick Lynch at RMT solidarity strike rally at London Kings Cross, 25 June 2022. Following a ballot of National Union of Rail, Maritime and Transport Workers members over whether to take industrial action, it was announced on 24 May 2022 that they had voted in favour of strike action, paving the way for the UK's first national rail strike for three decades. [1]
Activists dressed like to 19th century-prison inmates demonstrating against workfare, comparing it to 19th century-prison conditions with penal labour, October 2011. Workfare in the United Kingdom is a system of welfare regulations put into effect by UK governments at various times.
Active labour market policies are based on the concept of social investment, which rests on the idea of basing decision-making on the welfare of society in quantifiable terms, by increasing the employability, incomes and productivity of economic agents, so this approach interprets state expenditure not as consumption but as an investment that will produce returns on the welfare of individuals.
The Labour Research Department (LRD) is an independent trade union based research organisation, based in London, that provides information to support trade union activity and campaigns. About 2,000 trade union organisations, including 51 national unions in the UK, representing more than 99% of total Trades Union Congress (TUC) membership, are ...
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 ...