Labour market The labour market is making history for the wrong reasons 16 August 2022 by Nye Cominetti and Hannah Slaughter …make matters worse, the headline pay growth numbers if anything overstate the strength of pay growth, because there is still a furlough effect in the data (we are comparing pay… READ MORE
Labour Market Outlook· Labour market· Pay Labour Market Outlook Q1 2022 How should we interpret strong nominal earnings growth? 9 April 2022 by Nye Cominetti and Karl Handscomb and Hannah Slaughter and Greg Thwaites …was accounted for by furloughed workers moving back onto their full pay as they returned to work. The furlough effect will continue to push up pay growth until the autumn… READ MORE
The jobs market is healthy and doesn’t have a temperature, but pay packets are shrinking not surging 14 December 2021 by Hannah Slaughter Today’s labour market stats release should have marked a turning point in the post-pandemic labour market, as furlough came to an end and the economy adjusted to a period without… READ MORE
Labour Market Outlook· Labour market Labour Market Outlook Q3 2021 Prospects for unemployment after the Job Retention Scheme 5 September 2021 by Hannah Slaughter and Greg Thwaites …rise later this year When considering the likely scale of moves from furlough into unemployment, it is also key to consider the profile of people currently on furlough. Age continues… READ MORE
Labour market Understanding the labour market: pandemic not pandemonium The labour market is normalising, not overheating 28 June 2021 by Torsten Bell and Kathleen Henehan and Krishan Shah and Hannah Slaughter and Greg Thwaites …have now returned to work (see Figure 2).1 Moreover, 69 per cent of those who were still furloughed in October 2020 (the trough for furlough rates in between lockdowns) have… READ MORE
Labour Market Outlook· Pay Labour Market Outlook Q2 2021 Q2 2021 14 June 2021 by Hannah Slaughter …increase (although it is still 700,000 lower than it was in early 2020); furlough rates are falling; and vacancies have recovered to pre-crisis levels. Despite the swift roll-out and encouraging… READ MORE
Covid-19 Jobs, jobs, jobs Evaluating the effects of the current economic crisis on the UK labour market 27 October 2020 by Mike Brewer and Nye Cominetti and Kathleen Henehan and Charlie McCurdy and Rukmen Sehmi and Hannah Slaughter …most affected, limit the rise in unemployment, and enable people to play their part in suppressing the virus. This should include extending eligibility for the full furlough version of the… READ MORE
Covid-19· Incomes Back to the furlough U-turn to retain furlough scheme in closed sectors paves way for fresh lockdowns 9 October 2020 by Karl Handscomb and Cara Pacitti and Hannah Slaughter and Daniel Tomlinson …way for new restrictions to be announced in the next few days. Today’s announcement is a furlough scheme. By removing requirements to work some hours and for a significant employer… READ MORE