Unemployment falls to 44-year low as the working week gets longer

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Jobs, Skills and Pay

The UK’s jobs market continued to defy economic uncertainty, with unemployment falling to a 44-year low and the number of hours worked increasing. However falling productivity suggests that the outlook for pay will remain subdued, the Resolution Foundation said today (Tuesday) in response to the latest labour market figures. The UK’s jobs market remained strong … Continued

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The crisis cohort’s pay and career prospects have been scarred for up to a decade

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Jobs, Skills and Pay, Intergenerational Commission

The ‘crisis cohort’ who entered the world of work in the midst of the financial crisis continued to face higher unemployment, lower pay and worse job prospects up to a decade later, compared to other young people entering work before or after the downturn. This is according to a new report published today (Monday) by … Continued

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Real wage growth finally returns to pre-referendum levels

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Jobs, Skills and Pay

Real wage growth has finally returned to pre-referendum levels, though the post-referendum pay slump has left average workers £12 a week worse off, the Resolution Foundation said today (Tuesday) in response to the latest labour market figures. Though nominal wage growth fell slightly to 3.4 per cent in the three months to February, easing inflation … Continued

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Two million workers will benefit from National Living Wage rise on Monday as the minimum wage turns 20

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Jobs, Skills and Pay

Two million workers will benefit when the National Living Wage rises to £8.21 on Monday (1 April), a date that will also mark the 20th anniversary of the minimum wage, according to the Resolution Foundation’s latest Earnings Outlook published today (Saturday). The analysis shows that the latest rise in the National Living Wage (NLW) – … Continued

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2019 starts with an employment surge as firms hire rather than invest

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Jobs, Skills and Pay

Britain’s job market broke new ground, with employment increasing by a huge 222,000 and hitting 76.1 per cent for the first time since World War Two, the Resolution Foundation said in response to the latest ONS labour market figures today (Tuesday). The Foundation says the latest data shows that while business investment and growth stagnated … Continued

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Progress on raising people’s qualifications and skills has stalled in pre-Brexit Britain

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Jobs, Skills and Pay

Rapid increases in people’s qualifications and skill levels have stalled since the mid-2000s, and both policy makers and employers must restart this progress, according to a new Resolution Foundation report published today (Monday). Pick up the pace – a comprehensive audit of skills and educational attainment across Britain – shows that the profile of Britain’s workforce … Continued

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