Jobs· Labour market Labour Market Outlook Q3 2021 Prospects for unemployment after the Job Retention Scheme 5 September 2021 by Hannah Slaughter and Greg Thwaites As the economy has continued to reopen over the summer, the labour market has continued to surprise on the upside. After peaking at 5.2 per cent in Q4 2020, the headline unemployment rate has continued to fall, reaching 4.7 per cent in Q2 2021 – and timelier, though more volatile, single-month data has the unemployment … Continued READ MORE
Jobs· Labour market Understanding the labour market: pandemic not pandemonium The labour market is normalising, not overheating 28 June 2021 by Torsten Bell and Kathleen Henehan and Krishan Shah and Hannah Slaughter and Greg Thwaites The mild euphoria phase of the economic commentary cycle has arrived somewhat earlier than after previous downturns. This is a big change from the excessive pessimism of late 2020. According to some, we have “eye popping growth” to look forward to as “Brexit Britain Booms”. For the labour market, this turn to optimism has seen … Continued READ MORE
Earnings Outlook· Pay Labour Market Outlook Q2 2021 Q2 2021 14 June 2021 by Hannah Slaughter As Covid-19 restrictions begin to ease and more sectors begin to reopen, there are positive signs of recovery in the labour market. The number of payrolled employees has begun to increase (although it is still 700,000 lower than it was in early 2020); furlough rates are falling; and vacancies have recovered to pre-crisis levels. Despite … Continued READ MORE
Low pay· Pay Low Pay Britain 2021 7 June 2021 by Nye Cominetti and Charlie McCurdy and Hannah Slaughter This year’s Low Pay Britain report looks at the impact of the Covid-19 crisis on those on low pay and what that might mean for such workers as the economy starts to recover. Workers in lower paid jobs have faced greater health and economic risks than high paid workers; central to whether this is a … Continued READ MORE
Labour market· Job quality and security Double trouble Exploring the labour market and mental health impact of Covid-19 on young people 13 May 2021 by Rukmen Sehmi and Hannah Slaughter This report marks the beginning of a three-year programme of research at the Resolution Foundation investigating the relationship between the labour market and mental health outcomes of young people. In this launch paper, we focus on how young people have fared throughout the pandemic period when it comes to work and mental health. READ MORE
Jobs· Earnings Outlook· Pay Earnings Outlook Q1 2021 Earnings in the Covid-19 crisis 22 March 2021 by Hannah Slaughter The UK has spent the first quarter of 2021 under renewed restrictions to slow the spread of Covid-19. As the third England-wide lockdown began in January, many businesses were forced to close once again, and the number of jobs furloughed through the Job Retention Scheme (JRS) rose to 4.8 million. There is growing light at … Continued READ MORE
Budgets & fiscal events· Economy and public finances Spending fast, taxing slow Resolution Foundation analysis of Budget 2021 4 March 2021 by Torsten Bell and Mike Brewer and Nye Cominetti and Karl Handscomb and Kathleen Henehan and Lindsay Judge and Jack Leslie and Charlie McCurdy and Cara Pacitti and Hannah Slaughter and James Smith and Greg Thwaites and Daniel Tomlinson This briefing note provides an assessment of the measures announced in the March 2021 Budget. The context for this Budget was an intensification of the Covid-19 pandemic, creating a need for further policy measures to support families and firms in the months before the completion of the vaccine rollout. In response, the Chancellor announced significant … Continued READ MORE
Coronavirus· Jobs· Labour market Long Covid in the labour market The impact on the labour market of Covid-19 a year into the crisis, and how to secure a strong recovery 17 February 2021 by Nye Cominetti and Kathleen Henehan and Hannah Slaughter and Greg Thwaites This is the third time we have written a report taking stock of the impact of the virus on the labour market. Nine months on from our first report in June last year, some things are similar. The health effects of the second wave may be starting to recede, and thoughts are again turning to … Continued READ MORE
Earnings Outlook· Pay Earnings Outlook Q4 2020 Public sector pay 21 December 2020 by Hannah Slaughter As we come to the end of a year like no other, the outlook for the labour market remains mixed. At the beginning of this month, the second national lockdown came to an end, non-essential retail and hospitality businesses (in most of the country) were allowed to reopen, and recent weeks have brought official approval … Continued READ MORE
Coronavirus· Budgets & fiscal events· Public spending· Economy and public finances Here today, gone tomorrow Putting Spending Review 2020 into context 26 November 2020 by Torsten Bell and Nye Cominetti and Karl Handscomb and Jack Leslie and Cara Pacitti and Hannah Slaughter and James Smith and Daniel Tomlinson This briefing note provides an assessment of the measures announced in the November 2020 Spending Review. The backdrop to that Review was the reality of an on-going health crisis and a huge hit to the economy which looks set to leave lasting damage to both household and public finances. In response, the Chancellor has ramped up coronavirus spending this … Continued READ MORE
Coronavirus· Labour market· Job quality and security Failed safe? Enforcing workplace health and safety in the age of Covid-19 2 November 2020 by Lindsay Judge and Hannah Slaughter This briefing note is part of a three-year programme of research exploring labour market enforcement generously funded by Unbound Philanthropy. Using a new survey of 6,000-plus UK working-age adults fielded in September this year, and administrative data from the enforcement agencies themselves, we explore how workers, employers and the regulators have responded to the threat … Continued READ MORE
Coronavirus· Jobs· Job quality and security Jobs, jobs, jobs Evaluating the effects of the current economic crisis on the UK labour market 27 October 2020 by Mike Brewer and Nye Cominetti and Kathleen Henehan and Charlie McCurdy and Rukmen Sehmi and Hannah Slaughter This report highlights which groups of workers have struggled the most as the coronavirus crisis has evolved, who is at risk as the Coronavirus Job Retention Scheme is replaced by the Job Support Scheme, and the prospects for the future. READ MORE
Coronavirus· Incomes Back to the furlough U-turn to retain furlough scheme in closed sectors paves way for fresh lockdowns 9 October 2020 by Karl Handscomb and Cara Pacitti and Hannah Slaughter and Daniel Tomlinson The short-lived attempt to set economic policy as if we were leaving the pandemic behind us is over, with the Government announcing that it will pay two-thirds of wages of employees in firms forced to close because of national or local restrictions. This will provide much needed support, saving many jobs in the hospitality and … Continued READ MORE
Coronavirus· Low pay· Minimum wage Low Pay Britain 2020 23 September 2020 by Nye Cominetti and Hannah Slaughter This is our tenth annual Low Pay Britain report. Naturally, the focus of the report this year is on the coronavirus crisis: its impact on the low paid, and what this means for minimum wage policy. The low paid have already suffered the worst of the economic effects of this crisis; they are more likely … Continued READ MORE
Pensions & savings Enrol up! The case for strengthening auto-enrolment enforcement 27 August 2020 by Hannah Slaughter This briefing note is part of a three-year programme of research exploring labour market enforcement generously funded by Unbound Philanthropy. It considers the extent of non-compliance with auto-enrolment, and whether there are ‘under-enrolment’ hotspots that require closer scrutiny. We estimate that around 3 per cent of eligible employees are not enrolled in a pension scheme … Continued READ MORE
Coronavirus· Labour market The Full Monty Facing up to the challenge of the coronavirus labour market crisis 29 June 2020 by Nye Cominetti and Laura Gardiner and Hannah Slaughter The coronavirus crisis has had a severe impact on the country’s health, but also its economy and the labour market with it. With activity across parts of the economy heavily restricted, the Job Retention Scheme saved millions of jobs, firms and incomes. But as the country moves from lockdown into a new, reopening phase of … Continued READ MORE
Coronavirus· Low pay A new settlement for the low paid Beyond the minimum wage to dignity and respect 3 June 2020 by Torsten Bell and Nye Cominetti and Hannah Slaughter This crisis is shared, but its burden is not. From health risks to job losses, it is the UK’s 4.2 million low-paid workers on whom this pandemic has imposed the greatest cost, and of whom the efforts to combat it have required the greatest sacrifice. Lower earners are three times as likely to have lost … Continued READ MORE
Coronavirus· Jobs· Labour market The effects of the coronavirus crisis on workers Flash findings from the Resolution Foundation’s coronavirus survey 16 May 2020 by Laura Gardiner and Hannah Slaughter The coronavirus crisis has hit workers hard: the numbers of those furloughed and those newly claiming Universal Credit illustrates the scale. To date, however, we have had very limited information about which types of people have been most affected. In this spotlight, we begin to fill this gap with flash findings from the Resolution Foundation’s … Continued READ MORE
Coronavirus· Jobs· Labour market· Job quality and security· Low pay· Pay· Skills· Migration Crystal balls vs rear-view mirrors The UK labour market after coronavirus 7 April 2020 by Hannah Slaughter and Torsten Bell Summary Sudden and significant hits to the UK labour market in recent weeks have shown that this will be a jobs recession. The focus has rightly been on how to respond to the huge numbers of people losing work, but policy makers and pundits are also beginning to ask what this crisis could mean for … Continued READ MORE
Jobs· Labour market· Job quality and security· Low pay· Pay Working hard(ship) An exploration of poverty, work and tenure 4 February 2020 by Lindsay Judge and Hannah Slaughter This report explores the nexus between poverty, work and housing, and adds to our knowledge of the topic in two distinctive ways. First, we look at in-work poverty not just as a static but also a dynamic condition. Second, we explore the intersection between housing tenure and in-work poverty. READ MORE
