A index that is used as measure for the quality of jobs done the UK workforce has slightly dropped for the first time.
The Office for National Statistics (ONS) has published a yearly figure that predicts the skill level in the country’s jobs.
The figure would be higher if the proportion of skilled-jobs increased and would be lower if the proportion of unskilled jobs increased.
The figure for 2014 fell slightly, for the past 20 years it has been on the increase.
A lack of growth in the UK’s skilled industry can be partly explained by there being a big increase in hours worked by people aged 16 to 29, who would be general have lower wages and poor skill profile than more aged workers, for example students working at supermarkets.
The ONS also records the number of hours worked in the UK economy. This also increased by a huge amount since records of this began in 1994.
Although labour quality continued to rise after the financial crisis, this is quite puzzling to analysts when compared to the fact that the value of the work done per hour declined.
The ONS states that the decline in labour quality in 2014 and only a small increase in 2013: “suggest only that labour quality has stopped exacerbating the productivity puzzle; they do not explain it.”
It would be useful to know weather these statistic include the contracting industry and how Umbrella Companies have contributed to job quality.