LMI Bulletin (Issue 474)
Produced by the LMI Team at Education Development Trust
LMI Bulletin (Issue 474)
The news that Nissan has finally announced its long term commitment to the North East is great news for its employees of around 6,000 and the many more in the supply chain. Nissan also announced that they would be making the 62kWh battery in Sunderland, although they did not say whether that would mean more jobs. The current battery in production and used in Nissans models is 40kWh. If you want to see where all the public UK charging points are you can scroll down this page https://www.nissan.co.uk/vehicles/new-vehicles/e-nv200-combi/range-charg... To know more about UK car production, employment and purchasing see the SMMT Motor Industry Facts Report (ps wish the prices would come down)
The International Advanced Manufacturing Park (IAMP) is continuing to make progress with its aim of bringing 7,000 jobs to the are between Washington and Sunderland (BDaily). Manufacturing is the third largest sector for employees in the North East behind health and retail.
Skills for Jobs
There is already a huge amount of comment on the White Paper but from an LMI point of view, (the term labour market is mentioned 31 times) the references that stand out are:
- describing the link between the technical skills provision (supply) to Local Skills Improvement Plans (demand). "Our intention is for Local Skills Improvement Plans to provide a framework to help colleges and other providers reshape what they offer to tackle skills mismatches and ensure that they are responding as effectively as possible to labour market skills needs". These new Local Improvement Plans the Paper says, will build on the work that Mayoral Combined Authorities and LEPs have already been working on through their Skills Advisory Panels.
- expert advice on the labour market, from the new Skills and Productivity Board to government . The national perspective on the skills needs will be provided through the Board which was announced last year. "The independent board, composed of labour market and skills economists, will be commissioned by government ministers to provide evidence and analysis that addresses the most pressing gaps in our knowledge of the labour market."
- updating the National Careers Service website "...to become a single source of government-assured careers information for young people and adults. The revamped website will bring together all the learning and careers routes available to people, along with improved content on work experience, applying for roles, and updated labour market information."
Overall the volume of retail sales in the UK fell by 1.9% last year, the largest fall since records began. However there were significant differences across the sub-sectors. Clothing stores saw the largest annual fall in 2020 at negative 25.1%, followed by fuel retailers where sales dropped 22.2%. However, food stores recorded their highest yearly growth since 2001, and non-store retailers (which include online stores) reported a record annual growth of 32%. The amount spent in online stores in 2020 increased 46.1% compared with 2019, the largest annual increase since 2008. The news that other well known high street shops are moving into the hands of online retailers - Debenhams to Boohoo and possibly TopShop to Asos, suggest that we may see fewer high street retail jobs in 2021.
The Kickstart scheme has been operating since September and the government has announced that more than 120,000 temporary jobs for 16 to 24 year olds have now been created during this time. However, less than 2,000 have been taken up due to the lockdowns and restrictions in place . The government is easing the restriction by removing the limit requiring employers create a minimum of 30 vacancies to apply directly.
HR magazine is reporting a study from the TUC which says that BME employment has been hit much harder during the last year. The analysis found that BME employment has fallen by 5.3% over the last year - 26 times the rate for white workers, which was 0.2%.
Edge Foundation - Skills Shortages
A bulletin from the the Edge Foundation with articles from education and skills organisations including the green economy and digital skills. One from the OU whose business barometer indicates that while most businesses continue to face skills shortages (i don't remember a time when they haven't), many see apprenticeships and work based learning as critical to their recovery.
Labour Market Data
Tomorrow is a big day for information on the about market as it sees the release of the national, regional and local authority updates on employment and unemployment along with the claimant count.