Recent Release | 10 Mar 2023
Adecco Labour Market Outlook
Cities Consulting Team
Oxford Economics
Oxford Economics provided economic and labour market insight and forecasts for the Spring 2023 edition of Adecco’s Labour Market Outlook.
Oxford Economics provided economic and labour market insight and forecasts for the Spring 2023 edition of Adecco’s Labour Market Outlook. In the report, we explore what is likely to happen to the UK economy and labour market in 2023, and what the longer-term prospects might be. We look at the overall picture, at differences between sectors, and also at the outlook for the 12 nations and regions of the UK.
The experts behind the research
Our Cities Consulting team specialise in analysing and forecasting cities and regions around the world. Drawing on our detailed forecast data and a range of modelling tools, we work with clients globally across sectors to produce studies that are tailored to their needs and to help them make informed decisions. The lead consultant on this project was:
Tim Lyne
Associate Director, Cities & Regions
You might be interested in
US Bifurcated ꟷ Economic backdrop deepens racial disparities
Black and Hispanic households have experienced more inflation than other groups since the reopening of the economy from the pandemic lockdowns. Although there've been many phases of high inflation, some have disproportionately hurt these minority groups, such as the jump in energy prices following Russia's invasion of Ukraine, with the ensuing surge in rental inflation further setting them back.
Find Out More
The rise of Southern India’s business service hubs
Over the next five years, India is set to be one of the fastest-growing major economies across Asia Pacific, lead by the performance of its IT and business services. The Southern states of Karnataka and Telangana are at the forefront of this success as they are home to two of India’s most rapidly growing cities and productive cities—Bengaluru and Hyderabad.
Find Out More
Tech-enabled productivity may mean a job-lite expansion in Asia Pacific
The US is undergoing or heading towards a 'jobless expansion'. Asian economies, likewise, will probably experience slow job growth over the next few years, accompanied by mechanically rising productivity gains. In the near term, the drag on the job market is likely to come from cyclically weak demand for labour. But further down the line, it is the shrinking labour supply that will weigh more heavily on employment growth.
Find Out More
The kids aren’t alright – Economic health of Gen Z
Unemployment is rising and wage growth is declining for young adults, which could have a long-term scarring impact. Weak labor market prospects and rising housing costs are causing more young adults to live with their parents.
Find Out More
