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This text provides an overview of the key issues concerning the performance of the labour market and policy in the UK, with focus on the 2008 financial crisis, the ensuing recession, and its aftermath. It contains assessments of the effects of many policies introduced over the last 10 years in...
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-- Introduction -- Part I: Employment and Unemployment -- 1 The Labour Market in Winter-the 2008-2009 Recession -- 2 Unemployment and …
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historically focussed on reducing unemployment (the tip of the iceberg), the group of inactive people (below the waterline) is much … larger. Therefore, we point to the clear limitations of the unemployment rate as the (single) key macro-economic indicator of … the health of the labour market. A parsimonious dashboard approach utilising the unemployment-to-population ratio and the …
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