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

2024 Payoneer SMB Ambitions Barometer

In early 2024, in collaboration with Payoneer, Oxford Economics conducted the second-annual Payoneer SMB Ambitions Barometer survey to understand the barriers and opportunities faced by small- and medium- sized businesses (SMB) globally.

Find Out More
US job openings point to labor shortages in northern states

Many states have far more job openings than available labor as per the Job Openings and Labor Turnover Survey (JOLTS) state-level data from the Bureau of Labor Statistics (BLS). Northern US states in particular have a high ratio of job openings per number of unemployed led by North Dakota, South Dakota, Maryland, Vermont, and New Hampshire. These high ratios are indicative of a labor shortage with two or three times as many job openings for every unemployed person in the state. Not surprisingly, these states also have the lowest unemployment rates, all under 3%, yet most also have lower than average job growth rates.

Find Out More
Ride-Hailing: A Platform for Women’s Economic Opportunity in India
NIKKEI ASIA: Access to ride-hailing could get more South Asian women to work

Prabhjeet Singh, the India and South Asia president for Uber Technologies, quoted Oxford Economics' research commissioned by Uber to discuss how access to ride-hailing could get more South Asian women to work.

Find Out More
Why companies should prioritise their employees’ wellbeing

Employment is a fundamental part of life for many and directly links to their overall feelings of satisfaction and happiness. Recent studies, such as the comprehensive research conducted by the International Labour Organization (ILO), consistently highlight the positive association between employment and subjective wellbeing—the latter being how people evaluate their own lives.

Find Out More