Inflation has fallen on the RPI but has stayed the same on the other measures, according to the latest figures from the Office for National Statistics.
The latest figures from the Office for National Statistics (ONS) indicate that the labour market remains strong, with a record-breaking rise in employment, and a decrease in unemployment. The rate of economic inactivity has also fallen to record low levels, though it remains high compared to other countries.
Continue reading Labour market breaks records on main measures
Our latest analysis of pay review outcomes shows the whole-economy median remains steady at 2% but the median for awards in private services has increased to 2.6%. This is based on 90 pay awards monitored by IDR in the three months to the end of September.
Our latest pay settlement analysis shows the private sector median is unchanged at 2.5% in the three months to the end of August. Meanwhile the whole economy median has fallen from 2.4% in July to 2% in August, owing to the inclusion of some lower-level awards in the not-for-profit and public sectors. Continue reading Settlements in brief: private sector median unchanged at 2.5%