Brexit and the UK labour market
IPPR analysis reveals slump in finance sector recruitment in aftermath of Brexit voteArticle
IPPR and Burning Glass Technologies have, working in partnership, produced new analysis of online job vacancies both before and after the UK’s referendum vote to leave the European Union. The analysis compares jobs advertised online in key sectors across England in May/June and July/August 2016 with the same periods in the previous three years (2013, 2014 and 2015). This data offers some of the first insights into labour market trends ahead of official lagged indicators.
The analysis finds that there was an uncharacteristic downturn in job postings in the finance sector between May/June and July/August in 2016 – particularly in the Greater London region. For example, there was a 13.6 per cent drop in postings for jobs in the finance sector in London, for roles including chief executives and senior officials, managers, and quality and regulatory professionals. Job postings for the finance sector as a percentage of those across the whole economy decreased between May/June and July/August 2016 across every region in England – the only year in the past four in which this trend can be observed. Our analysis finds that, across most sectors of the labour market, employer recruitment patterns in the two months before and after the Brexit vote (May/June and July/August) were in line with previous trends.
Related items
Forging ahead: Deciding the direction of IPPR's Migration Policy Unit
In our last blog post for the Migration Policy Unit we shared our new way of working as we endeavour to be inclusive and transparent in our policymaking process. In this blog we set out what our first and flagship project is for the policy…Who gets a good deal? Revealing public attitudes to transport in Great Britain
Transport isn’t working. That’s the message from the British public. This is especially true if you’re on a low income, disabled or living in the countryside. The cost of living crisis has exposed the shortcomings of our transport system,…Bhargav Srinivasa Desikan on TalkTV discussing AI
IPPR's Bhargav Srinivasa Desikan on TalkTV discussing his new report on the impact of generative AI on the UK labour market.