This report presents the fifth in a series of results from Working Futures, the UK Commission’s labour market model.
The model is the most detailed and comprehensive of its kind for the UK, providing a picture of employment prospects by the following parameters:
- qualification level
- gender and employment status for the UK and for nations and English regions up to 2022.
Key findings include:
- A slow but steady recovery from recession, with around 1.9 million additional jobs by 2022 compared with 2012;
- Significant increases in the size of the working age population and the economically active workforce but with a slight decline in overall labour market participation rates, reflecting the ageing of the population;
- Some rebalancing of the economy is expected as a direct consequence of fiscal retrenchment;
- The manufacturing sector is projected to experience a further (albeit small) decline in its share of total employment;
- The main source of recovery in employment levels is expected to continue to be focused in the service sector.