The next NELP Members' meeting will be an online meeting using GotoMeeting on: Thu, Jul 30, 2020 10:00 AM - 12:00 PM (BST) Please join my meeting from your computer, tablet or smartphone. https://global.gotomeeting.com/join/973574181 .Find Out More
The latest jobs figures from the Office of National Statistics show over half a million more people are now in work compared to the same period last year. With the unemployment rate dropping to 5.1%, its lowest rate since October 2005, the employment rate now stands at 74%, the highest since comparable records began in 1971. Levels of economic inactivity also continue to fall and average wage rates continue to rise.
Meanwhile, the latest Statistical First Release reports that whilst starts on both 16-18 and 24+ Apprenticeships rose slightly year on year, 19-24 figures showed a slight drop, giving an all-age reduction of 6.4%. However, overall participation in Apprenticeships is up 5.7%, in part a reflection of lengthening durations of Apprenticeship frameworks and the introduction of new standards. Whilst the overall picture for Apprenticeship still looks strong (despite the slight drop in overall starts) AELP remains concerned that the continuing delays in SFA decisions on growth requests may begin to adversely impact on the ability of providers to maintain the momentum towards the 3m target.
Elsewhere in the SFR, it is reported that here were 7,600 Traineeship starts in the first quarter, continuing a rising trend from last year.