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Whilst there has been an undoubtedly positive change in the labour market movement in recent months, the unemployment rate remains largely unchanged from a year ago, and amongst young people is still showing an increase. But when sustained employment growth starts to kick in again, it will be tied to emerging and growth sectors of the economy.

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London secured the games, in part on the back of their promised legacy impact. It will be many years before we know the extent to which London 2012 changes the fate of the East End of London, but in one area the legacy is off to an incredible start.

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The jargon “big data” is already being widely brandished about in both management and policy circles, while academic research on the subject is also gaining momentum. The Big Innovation Centre will soon launch an exciting initiative centred around this theme but cutting across all domains of the subject and every sector of the economy. Big data might be increasingly fashionable in recent parlance, but many people still don’t have a clue what it is about, much less what it implies.

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