Earnings set to continue playing catch-up in coming months

Published on

Wages & Income

RF warns pace of recovery will be hard to maintain once inflation starts to rise from its historic low Real earnings are set to continue playing ‘catch-up’ in the short-term, with pay expected to maintain its recent growth rate, but there are doubts about how long this can continue, according to the Resolution Foundation’s latest … Continued

READ MORE

Finance and construction leading the way as wage growth strengthens off back of falling inflation

Published on

Wages & Income

Jobs recovery continues as unemployment continues to fall Finance and construction enjoyed the joint fastest earnings growth as falling inflation strengthened the UK’s pay recovery, the Resolution Foundation said today (Wednesday) in response to the latest labour market statistics. Today’s figures – the fourth successive month of real wage growth – will be a relief … Continued

READ MORE

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

Published on

Wages & Income

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

READ MORE

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

Published on

Wages & Income

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

READ MORE

Real wage growth gaining momentum but no rebound in sight

Published on

Wages & Income

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

READ MORE