LMI News

Some key messages from the Edge Foundation about skills shortages in the UK

The key findings for 2024 are:

1. Overall labour market conditions remain challenging

2. Profound changes to patterns of employment are intensifying

3. Skills shortages are numerous and have grown significantly

4. The rate of skills investment is in decline

5. Skills shortages have significant costs for UK businesses, the economy, and the environment

6. Employers prize work experience and broader transferable skills when recruiting

7. Young people lack confidence in their future ability to meet skills requirements

8. The education system struggles to respond to skills needs and is under-resourced