Pay growth looks to be picking up again, as shown by our own data on pay settlements, official figures on average earnings, and reports from the Bank of England’s agents. IDR’s monitoring indicates that the proportion of deals worth 3% or more is rising.
Continue reading Viewpoint – It’s time to think more strategically on pay
The labour market continues to perform strongly on the main measures, according to the latest statistics from the Office for National Statistics (ONS), for the period from November 2016 to January 2017. Employment has risen yet again and unemployment has fallen further. Economic inactivity is also lower, while redundancies and vacancies show little change. Continue reading Labour market continues to break records
Following the vote to leave the EU, we began to hear anecdotal evidence from retailers and other employers that many migrants from the ‘EU8’ countries that joined the EU in 2004, such as Hungary and Poland, were leaving the UK. Continue reading Viewpoint: Brexit, immigration and the impact on pay
With the winter holiday season almost at hand, two recent news items caught our eye. One is that trained chefs, an important component of the festive labour market, are in short supply. Continue reading Viewpoint: Not enough cooks spoil festive season outlook
The level of unemployment across the different countries of the UK is broadly similar at around 5%. What is more striking are the differences between travel-to-work areas within each country. Continue reading Unemployment hot and cold spots
The vote to leave the EU has affected business confidence, prompting the Bank of England to cut interest rates ahead of what it predicts to be a sharp slowdown in economic growth. If the Bank is right, this is likely to affect the labour market, but the question is: how and when? Continue reading Where next for the labour market?
Migrants form an important part of the UK labour force. They account for around 16% of all employees and for some occupational groups more than half of employees were born outside of the UK. As the new Government pursues policies to ensure continued economic growth following the EU referendum, it will also be judged against its stated aim of reducing net migration. Achieving both of these objectives could prove challenging, not least for those employers that have come to rely on migrants as an important source of labour. Continue reading this free article
The ongoing recovery in the UK labour market looks to have continued in the first quarter of 2016, according to the latest figures from the Office for National Statistics. Employment continues to rise, albeit at a slower rate than during 2015, and unemployment also fell marginally, though it still remains above the important milestone of 5%. Continue reading Labour market remains in mostly good shape