Labour market changes and implications for policy and labour market information (LMI) in Scotland

Stephen Boyd

    Research output: Contribution to journalArticle

    Abstract

    The recovery from the deep recession of 2008/09 has been weak and somewhat unusual: employment has been stronger than anticipated given the slow recovery in output. The labour market’s recovery is undoubtedly impressive when it is measured by headline employment, unemployment and activity statistics. However a focus only on headline statistics risks masking a number of trends which conflate to justify a less optimistic assessment. Of particular interest has been the rapid embedding of labour market trends which had started to emerge pre-recession such as underemployment, self-employment, youth unemployment and insecure forms of working. The unprecedented collapse in real wages since 2009 is proving more durable than many commentators believed and the remarkable increase in people aged over 65 remaining in work has hardly featured in public discourse. Though ambiguity persists as to the extent to which these trends reflect structural shifts or the remnants of a cyclical downturn, it is argued that at least some of these trends reflect structural shifts. The potential impacts of these domestic and global trends on the Scottish labour market and their implications for policy at Scottish level are discussed. In doing so, a number of ongoing and serious issues with the range and quality of Scottish labour market data are discussed.
    LanguageEnglish
    Pages63-80
    Number of pages18
    JournalFraser of Allander Economic Commentary
    Volume38
    Issue number2
    Publication statusPublished - 12 Nov 2014

    Fingerprint

    Labour market
    Market information
    Scotland
    Recession
    Structural shift
    Statistics
    Durables
    Unemployment
    Market data
    Self-employment
    Real wages
    Youth unemployment
    Discourse
    Underemployment

    Keywords

    • recession
    • recession recovery
    • Scottish labour market
    • Scottish labour market conditions

    Cite this

    @article{bcf4c8676d174ce3b6e083b88bd00627,
    title = "Labour market changes and implications for policy and labour market information (LMI) in Scotland",
    abstract = "The recovery from the deep recession of 2008/09 has been weak and somewhat unusual: employment has been stronger than anticipated given the slow recovery in output. The labour market’s recovery is undoubtedly impressive when it is measured by headline employment, unemployment and activity statistics. However a focus only on headline statistics risks masking a number of trends which conflate to justify a less optimistic assessment. Of particular interest has been the rapid embedding of labour market trends which had started to emerge pre-recession such as underemployment, self-employment, youth unemployment and insecure forms of working. The unprecedented collapse in real wages since 2009 is proving more durable than many commentators believed and the remarkable increase in people aged over 65 remaining in work has hardly featured in public discourse. Though ambiguity persists as to the extent to which these trends reflect structural shifts or the remnants of a cyclical downturn, it is argued that at least some of these trends reflect structural shifts. The potential impacts of these domestic and global trends on the Scottish labour market and their implications for policy at Scottish level are discussed. In doing so, a number of ongoing and serious issues with the range and quality of Scottish labour market data are discussed.",
    keywords = "recession, recession recovery, Scottish labour market, Scottish labour market conditions",
    author = "Stephen Boyd",
    year = "2014",
    month = "11",
    day = "12",
    language = "English",
    volume = "38",
    pages = "63--80",
    journal = "Fraser of Allander Economic Commentary",
    issn = "2046-5378",
    publisher = "University of Strathclyde",
    number = "2",

    }

    Labour market changes and implications for policy and labour market information (LMI) in Scotland. / Boyd, Stephen.

    In: Fraser of Allander Economic Commentary, Vol. 38, No. 2, 12.11.2014, p. 63-80.

    Research output: Contribution to journalArticle

    TY - JOUR

    T1 - Labour market changes and implications for policy and labour market information (LMI) in Scotland

    AU - Boyd, Stephen

    PY - 2014/11/12

    Y1 - 2014/11/12

    N2 - The recovery from the deep recession of 2008/09 has been weak and somewhat unusual: employment has been stronger than anticipated given the slow recovery in output. The labour market’s recovery is undoubtedly impressive when it is measured by headline employment, unemployment and activity statistics. However a focus only on headline statistics risks masking a number of trends which conflate to justify a less optimistic assessment. Of particular interest has been the rapid embedding of labour market trends which had started to emerge pre-recession such as underemployment, self-employment, youth unemployment and insecure forms of working. The unprecedented collapse in real wages since 2009 is proving more durable than many commentators believed and the remarkable increase in people aged over 65 remaining in work has hardly featured in public discourse. Though ambiguity persists as to the extent to which these trends reflect structural shifts or the remnants of a cyclical downturn, it is argued that at least some of these trends reflect structural shifts. The potential impacts of these domestic and global trends on the Scottish labour market and their implications for policy at Scottish level are discussed. In doing so, a number of ongoing and serious issues with the range and quality of Scottish labour market data are discussed.

    AB - The recovery from the deep recession of 2008/09 has been weak and somewhat unusual: employment has been stronger than anticipated given the slow recovery in output. The labour market’s recovery is undoubtedly impressive when it is measured by headline employment, unemployment and activity statistics. However a focus only on headline statistics risks masking a number of trends which conflate to justify a less optimistic assessment. Of particular interest has been the rapid embedding of labour market trends which had started to emerge pre-recession such as underemployment, self-employment, youth unemployment and insecure forms of working. The unprecedented collapse in real wages since 2009 is proving more durable than many commentators believed and the remarkable increase in people aged over 65 remaining in work has hardly featured in public discourse. Though ambiguity persists as to the extent to which these trends reflect structural shifts or the remnants of a cyclical downturn, it is argued that at least some of these trends reflect structural shifts. The potential impacts of these domestic and global trends on the Scottish labour market and their implications for policy at Scottish level are discussed. In doing so, a number of ongoing and serious issues with the range and quality of Scottish labour market data are discussed.

    KW - recession

    KW - recession recovery

    KW - Scottish labour market

    KW - Scottish labour market conditions

    UR - http://www.strath.ac.uk/fraser/

    UR - http://www.strath.ac.uk/frasercommentary/

    M3 - Article

    VL - 38

    SP - 63

    EP - 80

    JO - Fraser of Allander Economic Commentary

    T2 - Fraser of Allander Economic Commentary

    JF - Fraser of Allander Economic Commentary

    SN - 2046-5378

    IS - 2

    ER -