South – UK Regional Labour Market Trends, September 2024

South – UK Regional Labour Market Trends, September 2024

With the Labour Party now in power, its policy framework is expected to drive significant changes in the economy and labour market. The construction industry is preparing for a housebuilding effort on a scale not seen in decades. In other sectors, the focus is on how business-friendly the new government will be.

London – UK Insurance Labour Market Trends, September 2024

London – UK Insurance Labour Market Trends, September 2024

Lloyd’s of London’s recent report highlights the most favourable underwriting conditions in over a decade, signalling a significant upturn in the insurance market. Profits have surged from £3.9bn in the first half of 2023 to £4.9bn in the same period of 2024, reflecting robust market growth. This positive trend has been mirrored in London’s job market, with insurance vacancies increasing by 6.6% this year.

Engineering – UK Life Sciences Labour Market Trends, September 2024

Engineering – UK Life Sciences Labour Market Trends, September 2024

The UK pharmaceuticals sector is recovering from its post-pandemic slowdown, with a focus on addressing the backlog of drug approvals by the MHRA. As approvals accelerate, pharmaceutical manufacturing is ramping up, contributing to an 8.8% increase in engineering vacancies in 2024 compared to last year.

Scotland – UK Regional Labour Market Trends, August 2024

Scotland – UK Regional Labour Market Trends, August 2024

In the first seven months of 2024, Scotland recorded 12,766 professional vacancies, which accounted for 5.3% of the UK’s total of 226,708 vacancies. Scotland’s job market has seen a modest year-on-year increase of 0.5%, significantly lagging behind the UK’s national average growth of 2.5%.

London – UK Real Estate Labour Market Trends, Summer 2024

London – UK Real Estate Labour Market Trends, Summer 2024

The first half of 2024 has demonstrated market resilience despite ongoing economic challenges. While sectors like banking and real estate face pressures from new government policies and global uncertainties, strategic adjustments are evident.