Trends in the Labour Market

1
Trends in the Labour Market

• Demographics in the Region

2
DEMOGRAPHIC CHANGES

• What are demographics?
• Demographics refer to the physical
  characteristics of a population, such as age,
  sex, marital status, family size, education,
  geographic location and occupation.
• These are the key factors in shaping a
  country's economic life.

3
DEMOGRAPHIC CHANGES

• How do changing demographics affect the labour
• market?
•  
• Shaping employment opportunities.
• Shaping the composition of the work force.

4
DEMOGRAPHIC CHANGES

• The ageing workforce
• A population is said to be ageing when older
  people account for an increasing proportion of
  the total
• The age profile of the working age population in
  the UK is also changing
• Around 70 of those who will make up the working
  age population in 2020 are already over 16

5
DEMOGRAPHIC CHANGES

• The ageing workforce
• Around 50 of the adult population in 2020 are
  already over 25, and therefore beyond the age
  when they are most likely to participate in the
  traditional educational route
• The prevailing trends mean the population in 2020
  will be older and less likely to be participate
  in training

6
DEMOGRAPHIC CHANGES

• Ageing in the South West?
• Mid-year population estimates by age group,
  South West England, 2004

Source ONS, 2006
7
DEMOGRAPHIC CHANGES

• What are the implications of ageing?
• Requirement from services
• The labour market
• Employment recruitment policies
• Lifelong learning

8
DEMOGRAPHIC CHANGES

• Lifelong learning
• Participation in training and learning by age

Source BMG, South West Regional Household
Survey, 2002