The Recession
This paper examines the impact of recession on the labour market through three lenses: Firstly, it presents a summary of the key evidence to date on redundancies and employment decline in the UK, with international comparisons, identifying which labour market groups and geographical areas have been most affected. Secondly, it reviews and assesses the government policy response, focused on initiatives to support employment. Thirdly, it reviews employer responses to recession (action which affects current employees, and their plans for the future), and questions the level of employer engagement with government policy.
This paper examines the impact of recession on the labour market through three lenses:
- Firstly, it presents a summary of the key evidence to date on redundancies and employment decline in the UK, with international comparisons, identifying which labour market groups and geographical areas have been most affected.
- Secondly, it reviews and assesses the government policy response, focused on initiatives to support employment.
- Thirdly, it reviews employer responses to recession (action which affects current employees, and their plans for the future), and questions the level of employer engagement with government policy.