Skills shortages, lack of applicants, transport issues: the scale of the labour market challenges facing businesses in Cumbria

Peck, Frank ORCID: https://orcid.org/0000-0003-1976-154X (2023) Skills shortages, lack of applicants, transport issues: the scale of the labour market challenges facing businesses in Cumbria. In Cumbria Magazine, 2023 (March). pp. 10-11.

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Abstract

University of Cumbria Emeritus Professor Frank Peck writes about business challenges in Cumbria.

Latest data released by National Statistics show that the UK very narrowly avoided being in a technical “recession” in the second half of 2022. GDP fell by -0.2 per cent in the third quarter (July-Sept) followed by zero growth in the fourth quarter (Oct-Dec). The year did not end well though – the month of December witnessed a drop of -0.5 per cent in GDP associated with a poor performance in the service sector (-0.8 per cent). There were particular declines in activity in “human health and social work”, “education”, “arts, entertainment and recreation” and “transport and storage”.

Item Type:	Article
Journal / Publication Title:	In Cumbria Magazine
Publisher:	CN Group
Departments:	Centre for Regional Economic Development (CRED)
Depositing User:	Anna Lupton
Date Deposited:	20 Mar 2023 12:04
Last Modified:	13 Jan 2024 14:45
URI:	https://insight.cumbria.ac.uk/id/eprint/6990

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