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People and the Lincolnshire Economy – A look at the local labour market

People and the Lincolnshire Economy – A look at the local labour market. Adam Peacock Principal Development Officer Research & Information Team. The Local Labour Market. People who . Work in Lincolnshire. Live in Lincolnshire. Invest in Lincolnshire. Visit Lincolnshire.

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People and the Lincolnshire Economy – A look at the local labour market

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  1. People and the Lincolnshire Economy – A look at the local labour market Adam Peacock Principal Development Officer Research & Information Team

  2. The Local Labour Market People who Work in Lincolnshire Live in Lincolnshire Invest in Lincolnshire Visit Lincolnshire

  3. Local Labour Market Indicators • Unemployment • Employment • Economic Inactivity • Vacancies • Qualifications • Earnings • Job creation

  4. Local Labour Market Overview Source: Annual Population Survey

  5. Measuring Unemployment • Claimant Count (Job Seekers Allowance) • ILO unemployment rate • Worklessness

  6. Claimant Count Source: Office for National Statistics

  7. Unemployment Over Time 31,064 26,291 Source: Office for National Statistics 24,332 16,401 16,390 15,682 12,995 14,617 13,356 7,565 6,528 5,484

  8. ILO Unemployment Rate Source: Annual Population Survey

  9. ILO Unemployment Rate Average Rate 2009 Source: Taylor Associates

  10. Worklessness Average Rate 2009 Source: Department for Work and Pensions

  11. Types of unemployment Source: Office for National Statistics

  12. Usual Occupation of Job Seekers Source: Office for National Statistics

  13. Job Vacancies Source: Office for National Statistics

  14. Vacancy Types to Jobseeker Types Source: Office for National Statistics

  15. No. of Job Seekers per Vacancy Source: Office for National Statistics 2008 2009 2011 2010

  16. Employment Source: Annual Population Survey

  17. Employment by Gender Source: Annual Population Survey

  18. Employment by Gender Source: Annual Population Survey

  19. Population aged 16-74 with no qualifications

  20. Qualifications Source: Annual Population Survey

  21. Education • 82% of school pupils achieve 5 GCSEs A*-C compared to 79% nationally • Approx 20,000 students in the county • University of Lincoln graduate retention rate of 27%

  22. Travel to Work Areas 1991 2001 Source: Census 2001, Office for National Statistics

  23. Skills Gap Proportion of organisations that feel there is a significant gap between the type of skills their current employees have now and those that they need to meet their current business objectives

  24. 4.1% 6.7% 7.2% Earnings Source: Annual Survey of Hours and Earnings

  25. Job Creation Source: Office for National Statistics, Experian

  26. In Summary • Unemployment levels should(!) start to fall • Compared nationally, unemployment rate is generally lower, and employment rate is higher • Employment tends to be lower skilled and lower wage (though situation is improving) • With current high levels of unemployment, the short term challenge is one of job creation and safeguarding • Longer term, the challenge is to create higher skilled jobs

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