It's important we have measures that provide more full-time, decent-paying jobs that can ensure work pays. A lack of success in the jobs market saps confidence, demotivates and leaves a scar across a generation of young people, while part-time, low-pay work traps people in poverty.
On the day the latest unemployment statistics are released, this report makes for grim reading for young people. The intense competition shows the main problem is more fundamental - a major shortage of jobs.
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A man has been jailed for four years after he was cleared of having sex with a Shetland pony but convicted of outraging public decency.
Arguably the most striking of the IFS's conclusions is that over the last six years the wealthiest 10% have suffered the largest pay cuts.
It's still pretty wintry out there although the air over the next 12 or so hours will be fractionally less cold than it has been recently.