Employment Rate
The employment rate is a critical indicator of the UK labour market’s health, reflecting the proportion of people aged 16 to 64 who are in paid work. Our editorial coverage provides hotel industry professionals with insights into how fluctuations in employment rates impact staffing, wage pressures, and operational planning. We analyse trends in employment, unemployment, and economic inactivity, offering context on how these factors influence recruitment strategies, employee retention, and overall business performance within the hospitality sector. By staying informed on employment rate dynamics, hoteliers and hospitality executives can make strategic decisions to navigate labour market challenges effectively.
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Aug- 2022 -16 AugustFeatures
The great resignation: is there light at the end of the tunnel?
The UK economy has been in the throes of employment difficulties since the onset of the Covid-19 pandemic, drowning in rising vacancies and a lack of employee retention. As we all know, the hospitality industry has arguably been the worst hit sector as restaurants and hotels are struggling more than…
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Dec- 2020 -15 DecemberCoronavirus
Hospitality sector accounts for third of jobs lost since February
A third of all jobs which have been lost since February have been from the hospitality industry, according to data from the Office for National Statistics (ONS). Its latest findings revealed that job losses in the sector were the largest single contributor to the fall in employment. Redundancy figures in…
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Oct- 2020 -13 OctoberEconomy
UK unemployment rises to 4.5%
The UK unemployment rate increased to 4.5% during the three months to August, the highest level in over three years. According to the latest figures from the Office of National Statistics (ONS), the total number of unemployed increased by 138,000 to 1.58 million people. It comes as over 227,000 people…
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Mar- 2020 -6 MarchBusiness Bites
Flybe’s pensions in doubt; Poorest 20% no better off than before, 1m Virgin customers on unsecured database
Flybe’s pension pot for 1,350 current and former workers is at risk, as the fallout from one of the first casualties of the coronavirus business threat manifests in full. Flybe of course was already embattled before the new Covid-19 virus came along, and was the subject of a controversial bailout…
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Jun- 2016 -15 JuneEconomy
UK unemployment rate at lowest since 2005
The UK unemployment rate has fallen to its lowest level in 11 years, according to official figures released today. Data from the Office for National Statistics (ONS) revealed the UK unemployment rate fell to 5% in June – the lowest level since October 2005. The unemployment total fell to 1.67…
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