LMI Bulletin (Issue 433)
Produced by the LMI Team at Education Development Trust
LMI Bulletin (Issue 433)
A Mexican restaurant is being opened in Durham creating 25 jobs, The restaurant will be on Church Street, with a two floor venue consisting of a ground floor taquiera, outdoor patio area and a basement with a bar and table to seat 16 to 18 people (Insidermedia).
Labour Market Economic Commentary
Every month ONS publishes labour market statistics which show the changes in employment, unemployment, economic activity/inactivity, vacancies, jobs etc. There is no shortage of data. What is often difficult is making sense of it. The Labour Market Economic Commentary provides some analysis of the change at the UK level. To save you clicking the link, these are the main points
- The UK labour market showed signs of slowing, with the level of employment falling by 56,000 to 32.69 million and the level of unemployment increasing by 22,000 to 1.31 million, in the three months to August 2019.
- Over the same period, the employment rate for men remained unchanged (80.2%) and that for women declined to 71.6%.
- The total number of people working part-time fell by 129,000 on the quarter, which is the largest fall since the three months to August 2011.
- The unemployment to vacancy ratio has increased slightly in the latest period, which may be an early indication that the labour market tightness is levelling out.
- In the three months to August 2019, both real regular pay and real total pay were below their pre-downturn peaks.
Whether this means the real beginning of a slowdown and what post October 31st will mean and bring we will have to wait and see.
What do graduates expect?
A short piece on what employers could do to meet the expectations of graduates. In a relatively tight labour market the idea is that employers have to be more in tune with prospective employees to attract the best people. The report starts with a comment that around a third of the 10,000 people surveyed thought they would have moved on from their first full-time graduate job within two years of joining. However it then says that the most important factor in retaining a new employees interest and commitment, would be showing them a clear career progression (is this realistic?) Other findings seemed to suggest that women were more influenced by personal development within the job and job fulfillment than men who were also more influenced by a quick salary improvement. The authors are from a consultancy branch of the business which draws its intelligence on the thoughts of 16-20 year olds from The Student Room which provides various services to prospective and current undergraduates and says it attracts 75% of students on to its site.
If you are looking for a successful manufacturer then it might be helpful to have a look at the businesses which have taken part in this years Made in the North East awards. The Apprenticeship/Training Scheme Award went to Houghton International with Funky Chunky Furniture, TDR Training, Barrier Ex and Cleveland Bridge, shortlisted.
This is the October edition of Pathfinder, the magazine aimed at ex service personnel.
Get Help to Retrain
Just to say that the Adult National Retraining programme, Get Help to Retrain is continuing its rollout in the Leeds City Region, the Cambridgeshire and Peterborough Combined Authority, and the Heart of the South West. The National Careers Service is supporting this programme which started in the North East, West Midlands and Liverpool City LEP areas.
DWP Benefits on Facebook
DWP has started up a Facebook page to provide information on its benefits