Future Jobs: the path back to full employment in the UK > Project

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Research projects

Future Jobs: the path back to full employment in the UK

business and industry , economy , jobs

Overview

This project will analyse likely developments in the UK labour market over the next five years and ask whether it is possible to speed up the return to full employment.

Despite the depth of the recession, unemployment in the UK has increased by far less over the last two years than many economists feared. However, there remains a risk that future employment growth is so sluggish that unemployment remains at elevated levels for several years. This project investigates what can be done to avoid such an outcome.

Unemployment in the UK now stands at close to 2.5 million and the Office for Budget Responsibility (OBR) believes it will still be around 2 million in 2015. At the pace of employment growth envisaged by the OBR, it will be over a decade before the UK returns to full employment.

Our project will include original quantitative research on the composition of the UK workforce, an assessment of competing visions of the UK economy in the forthcoming decade and interviews with leading figures with an interest in labour market developments. Special attention will be paid to groups that might be disadvantaged in a very competitive labour market. It will result in a final report that will be widely disseminated and a special additional report on the situation in Scotland.