UK Jobs: What to Expect in 2024 with Julius Probst

In this episode of the HR in Review podcast, we take a pulse of the current labour market and try to predict what the UK and EU economies can expect in the year ahead.

Guest: Julius Probst

Bill Banham's guest is Julius Probst, PhD, European Labor Economist at Appcast, and speaker at DisruptHR Cambridge on Oct 24.

Julius was born in Germany but has mostly studied abroad. He did his High School in France and his Bachelors in the Netherlands. He graduated with a Masters in economics and a PhD in economic history from Lund University in Sweden. During the final year of his PhD, Julius worked for half a year for the European Central Bank.

After graduation, he worked for Macrobond Financial for three years, a macroeconomic and financial data provider. Since January 2020, Julius has worked as Appcast’s European labo(u)r economist. In that role, he is a regular contributor at https://recruitonomics.com/ where he writes about the UK’s and Europe’s labor market and economic outlooks.

Questions for Julius include: 

• How is the UK economy doing right now? There were a lot of recession calls last year, why haven’t they happened yet?
• How is the labour market doing currently compared to last year? What is happening to vacancies? Why is the unemployment rate so low even if there is zero growth?
• The falling number of job vacancies in UK: How many jobs has AI replaced?   
• Unlike the falling populations of Japan and Germany, the UK population will rise from 67 million in 2020 to 74 million by 2060. How has Brexit affected the labour market and the economy? Is the record net migration the U.K. had last year compensating for missing workers? Why not?
• What are the key structural problems that are holding back the U.K. economy?  
• What is the outlook for the rest of the year and 2024? Is the Bank of England risking a recession?
• If you could pass on one crucial lesson you have learned in your career - in one minute or less - what would be your top tip for HR professionals and leaders?    
• What is the single biggest change you think will happen in HR and leadership over the next 5-10 years?

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About HR in Review
HR in Review is a podcast produced by the leading UK HR website www.hrreview.co.uk.  

HRreview provides news and advice on HR strategy and practice plus a host or related topics like recruitment, training, diversity, employment law, reward and wellbeing.

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