Employment TrendsWhat has Driven the Change?Consequences for Economic GrowthPhillips Curve Shows no Durable Trade-Off ExistsNAIRU Matters MoreEmployment MeasuresWhy We Measure UnemploymentThe Nature of UnemploymentThe Impact of Demographics on Labour MarketsVacanciesChanging Labour PatternsThe UK in Comparison to Its Global CompetitorsHow do We Extract Value from This?ConclusionNotes