Much like the British summer, make the most of the earnings boom while it lasts  

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Jobs, Skills and Pay

Ahead of the summer budget early next month, the Chancellor may be hoping for some positive headlines in the employment statistics due on Wednesday.  When it comes to earnings, he’s sure to be rewarded. Our analysis suggests that real regular pay will top 2.5 per cent year-on-year growth in this week’s numbers (covering the three … Continued

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Is a pay boom coming and if not, why not?

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Jobs, Skills and Pay

Rarely has the trope that a week is a long time in politics rung truer. But yesterday we learned that an hour is a long time in economics. The latest employment statistics are unambiguously encouraging. Employment rose and unemployment fell, strengthening trends in place over the past couple of years. Perhaps more significantly, rising nominal … Continued

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What’s holding back nominal wage growth?

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Jobs, Skills and Pay

Today’s statistics mark another welcome step along the road in our long-overdue earnings recovery. A gentle improvement in regular pay in the three months to February 2015 (now 1.8 per cent, with the total pay measure that includes bonuses close by at 1.7 per cent), against a backdrop of inflation having fallen to 0 per … Continued

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2015: The outlook for living standards – sunshine and clouds ahead

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Incomes and Inequality

The economic recovery gained momentum in 2014, though it failed to feed through into raised living standards as much as many hoped. There are reasons for being fairly optimistic that this could start to change next year. Underpinned by the buoyant jobs market we expect household disposable incomes – the best measure of living standards … Continued

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