Economic Reports — Page 2

Economic Reports
Labour Market Report #28

16th August 2012 — Filed under: Economic Reports, Labour market

Richard Exell

The new edition of the TUC’s Labour Market Report is out, looking at the latest employment statistics – there’s good news, but just how significant is the reported fall in unemployment? When the recession began men were hit harder than women but that stopped being true some time ago – this edition includes the figures on what’s been happening over the past 12 months. And increases in inflation are still outpacing pay increases, especially for public sector workers.

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Economic Reports
Labour Market Report #26

24th May 2012 — Filed under: Economic Reports, Labour market

Richard Exell

We’ve just published this month’s TUC Labour Market Report. In this issue we look at the latest employment and unemployment figures. The worrying fall in full-time jobs is being disguised by a rise in part-time employment – but two-thirds of the part-time jobs are going to people who would have preferred to work full-time and there has been a particularly marked increase in the number of women in involuntary part-time work. Inflation has fallen recently, but this has not relieved the pressure on real wages, which have been falling since January.

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Economic Reports
Two years on – time for the Government to think again

24th May 2012 — Filed under: Economic Reports

Duncan Weldon

Today we learned that GDP actually fell by a bit more in the first quarter than previously believed, -0.3% rather than -0.2%.

But important as the severity of the double-dip is, the wider issue is the longer term stagnation of the UK economy. Today’s figures make clear that we have essentially no growth in the past 18 months.

It’s against this background that today’s FT features a whole range of ideas to boost growth – from boosting infrastructure spending (favoured by NIESR’s Jonathan Portes) to the a ‘balanced budget expansion’ (as argued for by the SMF’s Ian Mulheirn) to more inventive and expansionary monetary policy (the preferred Plan B of the IMF).

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Economic Reports
FT is right about 41,000 jobs from Regional Growth Fund

15th May 2012 — Filed under: Economic Reports, Economics, Environment

Philip Pearson

Lord Heseltine thunders at the FT today for an “extremely misleading” report that the Regional Growth Fund will create just 41,000 jobs, costing up to £200,000 to create a single post. Not so, says Lord Heseltine, who chairs the RGF advisory panel. The fund “will create 328,000 jobs … As I made clear to your reporter, I do not accept the figure of 41,000 jobs, which gives a misleading impression of the impact of the fund.” So who is right? The FT headlined a review last Friday by the National Audit Office of the government’s flagship to create private sector jobs where public sector job losses would cut deepest. The NAO found that the 219 successful projects would create 117,000 full time equivalent jobs. Of these, 41,000 are additional full-time equivalent private sector jobs. The average cost if £33,000 per job, with a tenth of projects exceeding £106,000 per job.

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Economic Reports
Labour Market Report

23rd April 2012 — Filed under: Economic Reports

Duncan Weldon

The TUC’s latest Labour Market Report is available here. Whilst the headline fall in unemployment is welcome, the latest jobs figures show that employment growth is being drievn by part-time and precarious work and accompanied by falling real wages. The ‘recovery’ so far is very weak indeed.

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Economic Reports
Labour Market Report #24

19th March 2012 — Filed under: Economic Reports, Labour market

Richard Exell

We have just published the latest edition of our Labour Market Report. In this month’s Report we look at the highest unemployment rate since 1995; 2011 – the year when private sector jobs growth failed to keep up with public sector job losses; lower finance sector bonuses and low growth rate for public sector pay pulling down overall average. We report on the employment figures mirage – an essentially flat overall figure disguises large movements in part-time and full-time jobs: the number of full-time jobs was down 50,000 from the previous quarter.

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Economic Reports
Economic Report # 2

6th March 2012 — Filed under: Economic Reports, Economics

Richard Exell

The TUC’s 2^nd Economic Report reports on the most recent key economic data and has an extended discussion of investment. Investment rates are low and companies currently hold £724 billion in case – equivalent to around half of all GDP. The Report argues for policies to unlock this resource including a reversal of the cuts in public sector investment, credit easing and a state investment bank.

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Economic Reports
Labour Market Report #23

1st March 2012 — Filed under: Economic Reports, Labour market

Richard Exell

Labour Market Report number 23, looking at the February Labour Market Statistics is now available at the TUC website. In it we report on the UK’s comparatively poor unemployment performance since the recession, the massive 85 per cent increase in involuntary part-time employment and record bad figures for women and young people.

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Economic Reports
Labour Market Report #22

20th January 2012 — Filed under: Economic Reports

Duncan Weldon

Download the 22nd TUC Labour Market Report

The TUC’s Labour Market Report on the January Labour Market Statistics is now available online here.

The unemployment rate has reached its highest level since 1995 and although employment also grew, there are some worrying signs in the composition of that employment. Self employment is soaring but the evidence suggests this may be a sign of economic weakness rather than strength, involuntary part-time work hit a new record high and earnings growth remains weak.

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Economic Reports
Labour Market Report

16th December 2011 — Filed under: Economic Reports

Duncan Weldon

Download the 21st TUC Labour Market Report

The latest Labour Market Report is available here. It covers the most recent data on the split between public and private sector jobs as the public sector continues to shed workers and private sector job creation grinds to a halt. It also features some international comparisons, pointing out that UK unemployment has risen three times as quickly as Eurozone unemployment over the past year.

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Economic Reports — Page 2

Labour Market Report #28

Labour Market Report #26

Two years on – time for the Government to think again

FT is right about 41,000 jobs from Regional Growth Fund

Labour Market Report

Labour Market Report #24

Economic Report # 2

Labour Market Report #23

Labour Market Report #22

Labour Market Report

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