Tentative signs that wages are starting to turn a corner

Published on

Jobs, Skills and Pay

Regular pay growth outpaces inflation for first time since October 2009, but return to peak unlikely before the end of the decade Average weekly earnings growth of 1.3 per cent in the three months to September 2014 overtook CPI inflation (1.2 per cent) for the first time since 2009 and only the sixth time since … Continued

READ MORE

Continuing wage falls this year caused by rising youth employment and decline in managers

Published on

Jobs, Skills and Pay

A downward shift in the mix of occupations across the workforce towards lower-paying roles, along with a welcome return of younger and less experienced workers to the labour market, has prevented 2014 from being the year of the pay rise, according to a major new report published today (Friday) by the independent think-tank the Resolution … Continued

READ MORE

UK closes its six year ‘jobs gap’ – wage gap widens to eight per cent and could take another seven years to recover

Published on

Jobs, Skills and Pay

The latest rise in the employment rate means that the proportion of working age people in work across the UK is the same as its pre-downturn rate, ending the country’s six year ‘jobs gap’, the Resolution Foundation said today (Wednesday) in response to the latest ONS labour market statistics. However, continuing employment growth is running … Continued

READ MORE

UK ‘jobs gap’ could close tomorrow

Published on

Jobs, Skills and Pay

Strong overall job performance with London and the North East surging ahead Official figures published tomorrow could show that the six year old UK ‘jobs gap’ – the difference between the pre-recession employment rate (73.02 per cent) and the current rate (72.97 per cent) – could finally close, according to a new analysis published today … Continued

READ MORE

Resolution Foundation response to OECD economic survey of the UK

Published on

Public Finances and the Economy

The Resolution Foundation welcomed the OECD’s advice today (Wed 6th Feb) that the government should act to ensure that work always pays for second earners. The report echoes the Resolution Foundation’s Commission on Living Standards, suggesting that government could take steps to give equal treatment to second-earners under Universal Credit and increase support for childcare. … Continued

READ MORE