Private sector continuing to lead pay rebound

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Jobs, Skills and Pay

First fall in employment for two years suggests jobs surge could be losing momentum The pace of Britain’s real pay recovery increased slightly in May, though the first fall in employment for two years appears to have put jobs growth on pause, the independent think-tank the Resolution Foundation said today (Wednesday) in response to the … Continued

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Leading economists call for new policies to raise pay

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Jobs, Skills and Pay

The next government should introduce bold new policies to support strong wage growth that is shared throughout the workforce, argues a new collection of essays published today (Thursday) by the independent think-tank the Resolution Foundation. The Foundation has brought together forward-looking essays by leading economists from academia, policy and journalism in the UK and US. … Continued

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Wage growth strengthening as unemployment and inflation fall but recovery of lost ground not expected before end of decade

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Jobs, Skills and Pay

Falling inflation and a pick-up in nominal pay growth boosted earnings at the end of 2014, the Resolution Foundation said today (Wednesday) in response to the latest labour market figures. But it cautioned that there is still a long way to go before pay returns to its pre-downturn level. Regular pay growth (excluding bonuses) increased … Continued

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Household incomes to grow steadily next year but full recovery not expected until early 2016

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Incomes and Inequality

Household incomes are set to rise steadily next year but will not return to their pre-downturn level until early 2016, according  to a new analysis published today (Saturday) by the independent think-tank the Resolution Foundation. The Resolution Foundation’s measure of household incomes, derived from the ONS national accounts, CPI inflation and OBR forecasts, show that … Continued

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Real wage growth gaining momentum but no rebound in sight

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Jobs, Skills and Pay

Real wage growth looks set to gather pace in the coming months, due in large part to very low inflation, but there is little sign of a long-overdue rebound in pay, the Resolution Foundation said today (Wednesday) in response to the latest labour market figures. Today’s figures show that regular pay growth (excluding bonuses) in … Continued

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Tentative signs that wages are starting to turn a corner

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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

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