Budget

[JohnD]

When there are insufficient jobs, every vacancy is overwhelmed by applicants.

This is common.

 

[motorbiking]

Here are some statistics on job vacancies in the UK:

• June to August 2024
  There were an estimated 857,000 vacancies in the UK, which was a 4.7% decrease from the previous quarter. This was the 26th consecutive quarter of vacancy decreases.
  
  
• October 2024
  There were approximately 831,000 vacancies in the UK, which was the lowest number since May 2021.
  
  
• July to September 2023
  There were 988,000 vacancies in the UK, which was a 4.2% decrease from the previous quarter. This was the 15th consecutive quarter of vacancy decreases.
  
  
• October to December 2023
  There were an estimated 934,000 vacancies in the UK, which was a 5.0% decrease from the previous quarter. This was the 18th consecutive quarter of vacancy decreases.
  
  
• 2022
  There were more vacancies for every jobseeker than at any time in the previous 20 years.
  
  
• January to February
  This is generally considered a good time to look for a job because new job postings increase at the start of the year.
  
  Obviously, the budget will be negatively impacting that.
  

 

[ajohn]

However, house prices have not universally outstripped income across the whole of the UK

I don't think it's possible to generalise like that. Info on wage levels in particular areas of the country are needed. Really range needs to be considered as well. Median figures take some of that into account. There is always going to be some high pay jobs around. This page has a map of median wage levels using NOS data.

Average UK Salary by Area | Think Plutus

Discover the average UK salary in your region, city or county, with insights into how that affects your mortgage borrowing prospects.

thinkplutus.com

It's bound to reflected in house prices.

Labour and your views. Money into education including adult.

 

[motorbiking]

I don't think it's possible to generalise like that. Info on wage levels in particular areas of the country are needed. Really range needs to be considered as well. Median figures take some of that into account. There is always going to be some high pay jobs around. This page has a map of median wage levels using NOS data.

Average UK Salary by Area | Think Plutus

Discover the average UK salary in your region, city or county, with insights into how that affects your mortgage borrowing prospects.

thinkplutus.com

It's bound to reflected in house prices.

Labour and your views. Money into education including adult.

it doesn't appear to.

Guildford vs Stafford. You'd be vastly wealthier on the median wage in Stafford vs Guildford when you look at house prices

 

[ReganAndCarter]

The top 1% are also proportionally far better off than the other 99%, than at any other time in history.

Precisely the ones who will be heading for the exits as Komrade Starlin introduces his tax regime as part of his socialist utopian dream.

 

[ajohn]

Here are some statistics on job vacancies in the UK:

These figures do not mean much really. Jobs need people that can fill them and relative location of job and the person can also count. A couple of hang on a min as well

There were an estimated 857,000 vacancies in the UK, which was a 4.7% decrease from the previous quarter. This was the 26th consecutive quarter of vacancy decreases.

There were an estimated 934,000 vacancies in the UK, which was a 5.0% decrease from the previous quarter. This was the 18th consecutive quarter of vacancy decreases.

Obviously, the budget will be negatively impacting that.

So the solution is to do nothing? Just leave things as they were?
Predictions - obviously the BofE and OBR are in a conspiracy set up with the gov. Short and long term results of a budget are entirely different things.

 

[motorbiking]

These figures do not mean much really.

Apart from the fact that there are lots of skilled better paid jobs needing people to fill them.

which seems to suggest it isn't the case that there are insufficient jobs.

It will of course head that way as companies have to find the NI increases and cope with changes to employment rights.

 

[carmanmemoranda]

I have consistently said, the best way to help those at the bottom, is to help them develop the skills to move up a notch. A shift from minimum wage to avg wage would make a massive difference.

And you consistently ignore those jobs at the bottom will still need doing by somebody

 

[ajohn]

it doesn't appear to.

I don't think that there is sufficient info about to get a clear picture. Median house prices might help but we only get averages.

I can take 2 areas. Birmingham and Redditch. My last job was in Redditch. I would say like for like house prices are largely lower in Redditch than B'ham. I came across a smaller company that moved from B'ham to Redditch the drive being a lower wage bill. Probably rates too. My interest in house prices in Redditch came about because of thinking of moving there so aren't guesses.

Unemployment has dropped in Redditch. Eg an Amazon warehouse added and in some respects similar other outfits. They have the space for this sort of thing. The bulk of the jobs are low pay and Redditch has some houses I wouldn't want to live in due to their surroundings. Outlying areas have some much pricier stuff. One I would count as being part of Redditch.

 

[Andydevon]

And those are the new starters on any business. The wise employer then trains and nurtures them to progress into better paid jobs. The cycle then continues with new entrants. Employment is not static.

 

[ajohn]

changes to employment rights.

No actions just discussions and negotiations.

 

[motorbiking]

And you consistently ignore those jobs at the bottom will still need doing by somebody

I don't, its obviously true.

I wonder what happens to jobs that don't get any applicants, because the offer isn't good enough or a business that relies on exploiting very low paid workers but can't find any?

 

[ajohn]

Apart from the fact that there are lots of skilled better paid jobs needing people to fill them.

You need to consider Labour's ideas on education - I have already mentioned one aspect - adult. Another applies to jobs that are available / needs. We even do need cleaners.

Cleaning and Support Services Skills

City & Guilds Cleaning and Support Services Skills qualifications. Leading vocational education and training organisation.

www.cityandguilds.com

 

[carmanmemoranda]

I don't, its obviously true.

I wonder what happens to jobs that don't get any applicants, because the offer isn't good enough or a business that relies on exploiting very low paid workers but can't find any?

What happens to those jobs when somebody upskills and moves on?

How much more does the replacement person get? Or same problem all over again? Why can't they earn a living doing these jobs. For some it's all they might be able to do well

 

[motorbiking]

Can you not figure it out?

if there are no applicants then the employer has to either.
- Live with out the person
- Innovate to do more work with fewer people
- offer better terms.