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:
Associate Director, Cities & Regions
You might be interested in
Tight labour market and firm pay growth will worry the MPC
Contentious new Labour Force Survey data implies the UK jobs market was much tighter in H2 2023 than we previously thought, while our own sentiment data developed with Penta suggests conditions are little changed in early-2024.Find Out More
The long-term outlook for Northern African cities
North African cities are forecast to experience some of the fastest rates of employment and population growth over the long term. GDP growth is also forecast to be near the top of the global pack, just trailing behind sub-Saharan Africa.Find Out More
The long-term outlook for Middle Eastern cities
Middle Eastern cities are forecast to experience some of the fastest rates of employment and population growth over the long term. However, GDP growth is forecast to be middle of the global pack.Find Out More
France: What surging apprentice figures mean
Generous subsidies to apprenticeships introduced in 2020 have pushed up French employment numbers and will continue to if the policy is maintained. The key is to improve the efficiency of the scheme, which would enhance France's public debt sustainability and its growth potential. Simply cutting the current subsidies for budgetary reasons would lower output levels without improving the country's long-term debt dynamics.Find Out More