Agilus Work Solutions’ Post

On the surface, the August labour report shows more of the same, but as we dive into the issues currently facing Canadian workers we can see there's more than meets the eye. How can businesses stay on top of these trends? Check out our latest blog for insights and strategies to stay ahead during these shifts. https://lnkd.in/gtceAucc #LabourReport #LabourInsights #WorkforceTrends #EmploymentTrends #LabourForceSurvey #StatisticsCanada #teamAgilus

📊 Understanding the Latest UK Labour Market Data: Insights and Considerations The recently released UK labour market data provides a nuanced picture of the country's economic landscape. Let's dive into the key indicators and explore the potential implications for businesses and individuals: 1. UK Employment Change SA:   - Actual 20k (Forecast 25k, Previous 48k)*   - Pros: While falling short of the forecast, a positive employment change suggests a steady job market, indicating resilience in the face of economic uncertainties.   - Cons: The lower-than-expected figure may raise questions about the pace of recovery and potential challenges in specific sectors. 2. UK Unemployment Rate:   - Actual 3.9% (Forecast 3.8%, Previous 3.8%)   - Pros: A stable unemployment rate indicates a degree of labour market stability, showcasing the economy's ability to maintain employment levels.   - Cons: The marginal increase from the forecast could be a signal of potential challenges, warranting attention to future developments. 3. UK Average Weekly Earnings YoY:   - Actual 5.6% (Forecast 5.7%, Previous 5.8%)   - Pros: A positive YoY growth in average earnings is a positive sign for workers, contributing to increased purchasing power and economic growth.   - Cons: The slight deviation from the forecast might prompt a closer look at factors influencing wage growth, such as inflation and productivity. 4. UK Average Earnings (Ex-Bonus):   - Actual 6.1% (Forecast 6.2%, Previous 6.2%)   - Pros: Strong growth in average earnings (excluding bonuses) underscores a robust labour market, potentially boosting consumer confidence and spending.   - Cons: Although marginally below the forecast, the figure still reflects a healthy trend in earnings, contributing to overall economic resilience. 5. UK Employment Change 3M/3M:   - Actual -21k (Forecast 5k, Previous 72k)   - Pros: While the figure is below expectations, previous strong performance suggests a need for careful analysis of sector-specific dynamics.   - Cons: The negative change signals potential challenges in sustaining the momentum of job creation, necessitating a closer examination of contributing factors. In summary, the latest UK labour market data paints a mixed picture, highlighting both strengths and potential areas of concern. As businesses and policymakers navigate these dynamics, staying informed and adaptable will be key to navigating the evolving economic landscape. 📈🌐 https://lnkd.in/e-j_4vsw #UKLabourMarket #economicindicators #businessinsights #labourmarket #economicindicators #economicgrowth #unemployment #employmentdata #economicdata

The latest REC survey has revealed a worrying trend as the UK labour market loses momentum this February. But, what's behind this shift? For starters, we must consider the wider economic landscape. Businesses are still grappling with the aftermath of the pandemic, not to mention the rising inflation rates. Cost pressures are mounting and as a result, many employers are becoming cautious about expanding their workforce. My experience echoes this sentiment. Just the other day, in conversation with a fellow industry leader, the topic of recruitment freezes came up. It's a stark contrast to the optimism we felt in the early post-lockdown period when it seemed we were on the brink of a hiring boom. The impact on job-seekers is palpable. Where once there were multiple offers, now many are finding opportunities more scarce. We're witnessing a shift in dynamics - the balance of power is swaying back towards employers, leaving applicants to compete harder for the roles that are available. Yet, I believe there's a silver lining. These periods force us to innovate and adapt. Firms may now prioritise upskilling their current workforce, and those seeking employment might explore new sectors or invest in learning to increase their appeal to potential employers. What's your take on this issue? Have you observed similar trends in your sector, or perhaps your observations differ? Share your thoughts below and let's engage in a conversation to navigate these challenging yet transformative times together. #UKJobs #LabourMarket #EconomicTrends

🚨 Can We Fix the UK’s Broken Labour Market Data? 🚨 The Office for National Statistics is facing increasing pressure over the reliability of the Labour Force Survey. Just this month, the Resolution Foundation claimed that close to 1 million workers have been "lost" due to inaccuracies in the data, while Andrew Bailey, Governor of the Bank of England admitted a critical truth: the poor quality of official employment data is making it harder than ever to set effective economic policy. In a world where inflation pressures shift rapidly, skills gaps emerge overnight, and regional inequalities persist, relying on lagging, outdated data is no longer an option. 📊 At Adzuna, we believe there’s a better way. By analyzing real-time job ad data across the UK, we offer unparalleled insights into: ✅ Shifting job demand ✅ Salary trends and inflation drivers ✅ Emerging skill gaps ✅ Regional workforce needs Imagine the impact if policymakers could access real-time insights to make smarter, faster decisions on interest rates, regional investment, and skills strategy. Our latest blog dives into this urgent issue: 👉 Can We Fix the UK’s Broken Labour Market Data? https://lnkd.in/embA7mSU Let’s spark a conversation: 💡 Should real-time data play a bigger role in guiding economic policy? 💬 Share your thoughts in the comments or get in touch to explore how our insights can help. The labour market is changing. Let’s make sure our understanding of it changes too. #LabourMarket #DataDrivenDecisions #EconomicPolicy #RealTimeData #UKEconomy

🔹🔷 Four Squared Recruitment Insights 🔷🔹 📢 Navigating the Changing UK Labour Market: Volatility, Inactivity, and Real Wage Growth - What Employers Need to Know Learn more here👉🏼 https://lnkd.in/eZ8-K9UY #labourmarket #FourSquaredInsights #employers

In the latest update from the Office for National Statistics (ONS), the UK's labour market exhibits a mix of growth and ongoing challenges as it muddles through economic and political changes. Content Insights - UK labour market exhibits a mix of growth and ongoing challenges. - The employment rate for those aged 16 to 64 years fell to 75%. - Vacancies remain higher than pre-pandemic levels. Read full article here: https://hubs.la/Q02prC8R0 #Employers #LabourMarketReport #Article

ONS Labour Market May – July 24 data: Employment levels at 74.8%. Sector Reaction So below is a bunch of data.. but also the top Labour Market experts also unpacking what this means: 📊 ONS Labour Market May-July 2024: 👥 Employment rate: 74.8% 🚫 Unemployment rate: 4.1% 🛋️ Economic inactivity: 21.9% 📈 Claimant Count (Aug '24): 1.792M 💼 Workforce jobs: 37.1M (+503K YoY, -28K QoQ) ⚠️ 42K working days lost to disputes (Jul '24) Latest comments from: Stephen Evans, chief executive at Learning and Work Institute, Ben Harrison, Director of the Work Foundation at Lancaster University, Recruitment & Employment Confederation (REC) Chief Executive Neil Carberry, TUC General Secretary Paul Nowak, Louise Murphy, Senior Economist at the Resolution Foundation and Jack Kennedy, Senior Economist at Indeed. Check out the full article and comments below: https://lnkd.in/eFaEiuTh #LabourMarketInformation #ONS #Employment #Employability #EmploymentRate #EconomicallyInactive

📈 Navigating the Labour Landscape: January Highlights The January Labour Report signals positive momentum with a 37,000 job surge and a 0.1% decrease in the unemployment rate. Sectorial shifts are evident, emphasizing the importance of agility. Dive into the details and gain strategic insights for your workforce: https://lnkd.in/eQKGrQex #JobMarket #LabourStatistics #AgilusAdvisory #teamagilus #Leadership #LabourInsights #StatsCanada #January2024 #Recruitment #TalentTrends

What is the Australian labour market trying to tell us? Strong employment growth with rising unemployment? Monetary policy hawks point to the strong employment growth numbers. The doves point to the rising unemployment rate. In this week's Brief, we unpack the labour market statistics. Make up your own mind on what the data mean by clicking on the link below for a 5 min read. https://lnkd.in/dEwwpBgK 

ONS Labour Market May – July 24 data: Employment levels at 74.8%. Sector Reaction So below is a bunch of data.. but also the top Labour Market experts also unpacking what this means: 📊 ONS Labour Market May-July 2024: 👥 Employment rate: 74.8% 🚫 Unemployment rate: 4.1% 🛋️ Economic inactivity: 21.9% 📈 Claimant Count (Aug '24): 1.792M 💼 Workforce jobs: 37.1M (+503K YoY, -28K QoQ) ⚠️ 42K working days lost to disputes (Jul '24) Latest comments from: Stephen Evans, chief executive at Learning and Work Institute, Ben Harrison, Director of the Work Foundation at Lancaster University, Recruitment & Employment Confederation (REC) Chief Executive Neil Carberry, TUC General Secretary Paul Nowak, Louise Murphy, Senior Economist at the Resolution Foundation and Jack Kennedy, Senior Economist at Indeed. Check out the full article and comments below: https://lnkd.in/esbR56hR #LabourMarketInformation #ONS #Employment #Employability #EmploymentRate #EconomicallyInactive