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Labour Market Update
23 July 2024
Type
Written Ministerial Statement
Department
Department for Work and Pensions
TAGS
At a Glance
Issue Summary
The statement addresses the challenges in the UK labour market, including long-term sickness exclusion from workforce and youth unemployment.
Action Requested
The government will publish a White Paper to set out policy reforms aimed at increasing employment rates and improving job quality. A Labour Market Advisory Board chaired by Professor Paul Gregg will be established to provide expert input on these reforms.
Key Facts
- Record numbers of 2.8 million are excluded from the workforce due to long-term sickness.
- Nearly 1 million young people, or 1 in 8, are not in education, employment, or training.
- The government aims for an 80% employment rate.
- A Labour Market Advisory Board will be established chaired by Professor Paul Gregg.
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Assessment & feedback
Summary accuracy