Study reveals “missing” million from UK workforce
Around one million people are “missing” from the UK workforce compared to pre-pandemic figures, according to recent research.
The Institute for Employment Studies report Working for the Future warned that the UK has had “no employment growth at all” in the past four years. It found 860,00 unfilled vacancies in the UK jobs market and argued that the country is “almost unique in the developed world in having seen employment fall over the last four years”.
Employment rates have risen on average by 1.6% in OECD countries, and by 1.3% in the EU. However, they have fallen by 1.6% in the UK, which has dropped from 8th to 15th in the employment rate league table.
The research also found that nearly eight million people living in relative income poverty were in a household where someone worked.
The report blamed “weaknesses in our labour market” for the lack of economic growth, adding: “We need to do far better at helping people to get the flexibility, autonomy and workplace adjustments that they need in order to access good work, particularly for disabled people and those with health conditions.”