LMI Bulletin (Issue 465)
Produced by the LMI Team at Education Development Trust
LMI Bulletin (Issue 465)
Some of the businesses that have been making positive announcements in the last weeks are in logistics, fast food and retail
- Royal Mail recruiting for Christmas jobs
- KFC creating jobs as they see an increase in demand
- More unexpected is Geek Retreat (which is a pretty confident statement of its expected customer base) a gaming retailer saying they are opening looking to open shops
Plan for Jobs
As today is the final working day of the Job Retension scheme, this is a link to the range of financial support open to businesses, The Job Support Scheme comes into effect on the 1st November. The latest ONS data on furlough is based on its survey of employers in the two weeks from 21st September, . 11.3% of businesses still trading, had staff on full or partial furlough during that period. The rate was at over 30% in arts and hospitality businesses.
16-24 year olds
The impact of the pandemic on the employment of young people has understandably been the focus of much attention. One way of assessing the scale of this is looking at the count of people on universal credit (UC). The tables below shows the most recent data from the DWP on 16-24 year olds. The first shows the number of 16-24 year olds in receipt of UC who are in the category "not in employment". As not everyone in employment is required to look for work, then the second table shows the 16-24 year olds who are in the conditionality 'searching for work'. The increases between pre-lockdown in February and the latest figures are evident in both tables. However so far, the North East shows the smallest rate of increase of the English regions. For further information on the definition of conditionalities of people on UC see https://tinyurl.com/yxcaxdw5
And its not just the young that need to be concerned. The Learning and Work Institute has written a report on the impact it is having on the over 50s.
Online Job Adverts
One of the observations, possibly criticisms, of labour market data is that it is not as timely as it could be. However in most periods the changes are not as rapid as they have been recently. During the coronavirus (COVID-19) pandemic, ONS has responded to the need to provide timely indicators of the effect of the disease on the UK economy and society. One of these faster indicators are experimental (so called because they have not passed the quality check to reach the level of 'National Statistics') job adverts indices based upon the number of job adverts posted through the Adzuna service.
The most recent data is for vacancies advertised the week of the 16th October. In summary.
- At a national level, vacancy numbers increased in the week and were at 70% of their 2019 average
- The region with the highest volume of job adverts compared with its 2019 average was the East Midlands at 89%, followed by the North East at 88% of its 2019 average
- The categories of vacancy which are at higher levels than they were last year are
- Part-time / weekend; Facilities / maintenance; Transport / logistics / warehouse; Domestic help; Healthcare and Social care
- The categories that sit below the 70% mark i.e.. the lowest level in comparison to last year - and there are quite a few
- Scientific / QA;
- Wholesale and retail
- Creative / design / arts & media
- Accounting / Finance
- Marketing / advertising / PR
- HR & recruitment
- Admin / clerical / secretarial
- Management / exec / consulting
- Catering and hospitality
- Charity / voluntary
The proportion of the workforce that has been working from home has risen and fallen as national and then local restrictions have come into place. The estimate for Tier 2 areas in the week of the 21st of October was that 34% of working adults had worked exclusively at home. At its peak in the national lockdown this was over 40%. compared to 6% before. The Institute for Employment Studies in this blog considers whether the changes in how many have had to work will have any bearing on the likelihood of people being able to take up flexible working.