LMI Bulletin (Issue 454)
Produced by the LMI Team at Education Development Trust
LMI Bulletin (Issue 454)
Intu which owns the Gateshead Metrocentre and Eldon Square went into administration at the end of last week. The reporting in the media is that the the centres will remain open under the administrators KPMG.
Kura, a customer service outsourcing business at Doxford Park in Sunderland has announced that it is looking for 150 more staff (BDaily). NB - if you haven't heard of a company then the obvious thing to do is search from them. What you can see is hopefully the main company website but also there are employer review sites - a bit like you would get with a place to eat or a place to stay - the two most prominent being Indeed and Glassdoor.
Construction work is expected with the approval of a housing scheme near Prudhoe (BDaily)
HESA has released its first new methodology data on graduate outcomes. The big change compared with the previous Destinations of Leavers in Higher Education survey, is that this survey is carried out 15 months after leaving rather than 6 months. The idea being that this allows more time for graduates to move into more permanent employment. There is a lot in here and it includes graduate reflections on their current activities - how do they feel about what they are doing. Two statements from HESA are (we think) helpful
- Qualifications are important enabling factors, but not guarantees of success in the job market. Outcomes for individuals are shaped by multiple complex factors and the job they have at any point in time is the product of interactions between these.
- Some courses have clear professional employment pathways. Some providers run a large number of such courses, others do not. Using headline percentages to compare success rates between HE providers needs to account for such effects.
The data includes what percentage were in full time employment, what the salaries are and whether they found their work meaningful. A lot in here but if you want the answer to the question, is it worth doing a degree? then the answer is it depends.
If you have been using the Kings College COVID-19 Symptom Study app during the last few months (around 4,000,000 people have contributed), you will be familiar with the daily collection of in the main very simple information i.e. whether you were feeling physically normal and if you had been tested for COVID-19. There are occasionally additional questions about the extent to which you have been going outside and interacting and more recently about weight gain (yes) and drinking habits (yes). It is a simple process to use the app and in the main very quick to do. This is mentioned as one of the uncertainties in this time is what changes might occur in our lives and from a careers and labour market point of view, whether work life will change and how we would know this. The collection of data on the Kings College scale is in many ways astounding with people contributing annoymised data (there is demographic and location data) at scale for a public good. Although there are limitations (the contributors are self selecting rather than a statistically more robust sample as followed by ONS), the collection of information on the labour market changes and attitudes to work on this scale and at this speed would be very helpful indeed.
Coronavirus and the latest indicators for the UK economy and society
The latest indicators report uses a number of surveys and data to provide indicators of the impact on the economy and society. The need for quick data has meant ONS has adapted their surveys during the coronavirus pandemic to provide a more frequent measure of changes in business activity and social indicators. The Opinions and Lifestyle Survey is carried out weekly and provides a sense of the changes over time for how much time people are leaving home, what percentage of children have returned to school, and what percentage of working people are working either from home or travelling to work. The latest survey was carried out over the period of the 18th to the 21st June and showed that 44% of working adults in Great Britain had travelled to work in the past seven days, an increase from 41% the previous week.
The business impact data comes from a survey of employers (24,473 were sampled) and provides information on the trading status and use of the job retension scheme etc. The report also provides an indication of the demand for labour through an analysis of the online job adverts on Adzuna. The graphs below show the difference between 2019 and 2020 using the total weekly adverts on Adzuna, from 4th January 2019 to 19th June 2020, index 2019 average = 100. This shows how far retail and hospitality are behind their norm.
Jobs you could do at home
A finally, a good news story from the BBC which hears from three people who have found it surprisingly good to do their work from home.