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Get access to the list of our best samples for free. When the supply of labour is relatively high, the market is 'slack' with few vacancies and lots of jobseekers. The LFS is a large representative survey of households in the UK. This page is having a slideshow that uses Javascript. 1- Explain the impact of changing labour market conditions on How the current labour market conditions have impacted on resourcing Interviews connect employers with potential candidates, and they ask questions to allow candidates to explain who they are and their capability to perform. There is a wealth of data out there, but making sense of where to look can be a challenge. Find the route to CIPD membership that works for you and the membership grade that demonstrates your level of knowledge and experience. The amount of spare capacity in the economy is the gap between potential GDP and actual GDP at any given time. Here are four key takeaways about how a tight labor market affects hiring. Impacts of Labour Market Trends on Resourcing and Talent Management A striking feature of Covid and the shift to working from home is that it caused many people to re-evaluate their work-life balance. Some commercial services scrape data from job websites (including adverts and candidate data) to give real-time insights into the jobs market. For example, "hairdressers and related services" saw a 25.1% fall in those aged 16 to 24 years over the pandemic period, comparing year ending September 2020 with year ending September 2021. The CIPD's quarterly Labour Market Outlook is one of the most authoritative employment indicators in the UK and provides forward-looking labour market data and analysis on employers' recruitment, redundancy and pay intentions.