B67: Changing economy: Changing labour market

28th June 2009.

This bulletin examines how the changing economy will result in a changing labour market and considers government policy and interventions that have been introduced to respond to this change; including the Future Jobs Fund.

Over the last five years or so, labour market interventions have been planned and delivered in a buoyant economy. In a restricted jobs market and with a wider public sector funding squeeze, employment strategists and employment providers need to be innovative in how they ensure a return to work for highly skilled professionals; for new graduates; for those working in elementary trades; for young people; and for those that have been away from the labour market for some time. This bulletin therefore seeks to assess this balance by:

  1. Examining how the labour market in the UK is changing;
  2. Detailing the direct policy and interventions Government have introduced to respond to labour market change such as Future Jobs Fund;
  3. Providing advice for local government in managing local labour markets in a time of recession.