To coincide with the launch of the Career Coach solution at The Bournemouth and Poole College, as part of a wider group of employability services, this article outlines the context of the labour market trends within the local area.
The economic challenges facing the UK are well documented, with the economy having been in and out of recession since the ‘Credit Crunch’ hit back in 2008. But, what has this meant for the Bournemouth and Poole area?
Well, unemployment doubled between 2008 and 2009, but has subsequently fallen back each year since. The most recent count, however, still puts unemployment over 60% higher than the 2008 position.
This general trend has largely been witnessed across the board in terms of occupations. It is, however, noticeable that sales and customer service and elementary occupations have taken the biggest hit in the area.
The most concerning of these two is the unemployment amongst sales and customer service occupations – the unemployment count has increased by over 200% between 2008 and 2012, but more worryingly, unlike all of the other occupational groups, has continued to grow between 2008 and 2010.
That’s the unemployment picture, but what about employment? Well, no surprises that with an increase in unemployment comes a reduction in employment across Bournemouth and Poole.
Employment in Bournemouth and Poole has fallen by 3%, the equivalent of over 4,000 jobs, between 2008 and 2011. The majority of this reduction occurred between 2008 and 2009 in the early stages of the recession, and although employment continues to fall over the period the declines slow considerably from 2009.
Some commentators suggest that a ‘hidden’ consequence of the recent recession, which may be masked by looking at high-level figures such as these, is the underemployment of labour. This is somewhat difficult to get a true handle on, and there are a number of different definitions of underemployment, but the two most common is that workers are either settling for employment in jobs below the level that their skills and experience might warrant, or settling for part-time employment instead of full-time.
The first definition is difficult to unpick from official data sources, but we can take a look at the latter. And in fact, analysis of data for Bournemouth and Poole suggests that this could indeed be a consequence of the challenging economic climate. While overall employment fell by 3% between 2008 and 2011, full-time employment feel by 4%, with part-time employment only falling by 1%. This should be considered, however, within the context that this only changes the proportion of the labour market made up of part-time jobs from 36% in 2008 to 37% in 2011.
This does make interesting reading though when looking at the equivalent shifts in employment across different sectors of employment.
Across the majority of employment sectors, the proportion of employment made up of part time workers in fact has fallen, with the education sector seeing the largest percentage point reduction. The industry that does stand out for significant growth in part time working is the real estate sector, with the proportion of part time workers increasing 15 percentage points from 25% to 40%, against a backdrop of fall in total jobs of 12%.
A quick look at EMSI staffing patterns helps understand the type of occupations likely to be affected by the shift across the sector.
|SOC||Occupation||% Change||% of the Total Jobs in Industry (2011)||Cumulative %||Median Hourly Earnings||Education Level|
|Source: EMSI Covered Employment 2012.1|
|1231||Property, housing and land managers||11%||13.4%||13.4%||£15.96||Level 3|
|2434||Chartered surveyors (not quantity surveyors)||13%||6.8%||20.2%||£16.86||Level 5|
|7129||Sales related occupations n.e.c.||2%||6.8%||27.0%||£9.89||Level 2|
|4150||General office assistants/clerks||0%||6.7%||33.7%||£8.96||Level 2|
|4215||Personal assistants and other secretaries||3%||5.4%||39.1%||£10.19||Level 2|
|3232||Housing and welfare officers||5%||4.9%||44.0%||£11.51||Level 3|
|3544||Estate agents, auctioneers||3%||4.8%||48.8%||£10.34||Level 3|
|4122||Accounts and wages clerks, book-keepers, other financial clerks||6%||4.7%||53.5%||£10.12||Level 2|
Eight occupations made up over half of all jobs in 2011 within the real estate sector in Bournemouth and Poole, with property, housing and land managers making up a significant proportion of jobs in the industry.
This intelligence, and other key labour market insight, is helping The Bournemouth and Poole College understand the skills and employment needs of the local community to shape the college’s courses and services.