Comment Pay growth gap adds to staffing crisis in the public sector 15 November 2022 by Greg Thwaites Today’s labour market data show real pay falling fast in the private sector, and even faster in the public sector. Public sector vacancies have hit a new record, while vacancies… Continue Reading
Comment Five take-aways from the 2022 ASHE release: a bad year for pay growth, but good news on pay inequality 27 October 2022 by Nye Cominetti and Charlie McCurdy The ONS published their annual release from the Annual Survey of Hours and Earnings (ASHE) on October 26th. It’s not the timeliest data – it was collected from a survey… Continue Reading
Comment Low unemployment belies a labour market in poor health 11 October 2022 by Greg Thwaites Today’s labour market data showed unemployment hitting its lowest rate since 1974. On the face of it, this is cause for celebration. But a shrinking labour force, not a rise… Continue Reading
Events Power, pay and profits What do shifts in firm and worker power mean for wages? Thursday 7 July 2022 Firms create value – at least the successful ones do. But who benefits, the firm’s owners or workers, and by how much, is often up for grabs. That’s why power… Continue Reading
Comment Unemployment hits a record low but pay is still falling in real terms 17 May 2022 by Greg Thwaites Tuesday’s labour market data contained good news on unemployment, which fell to its lowest level in 50 years, but bad news on real pay, which is falling and set to… Continue Reading
Publications 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 In the first months of 2022, the labour market continued to tighten, with no sign of weakening in the aftermath of the JRS. Unemployment has fallen further, and stood at… Continue Reading
Comment January’s labour market data confirms 2022 will be the year of the pay squeeze 18 January 2022 by Nye Cominetti The big news in this morning’s labour market stats was confirmation that pay is now falling in real terms – the pay squeeze will be one of the defining features… Continue Reading
Publications Calculating the Real Living Wage for London and the rest of the UK: 2021 15 November 2021 by Nye Cominetti This report sets out the method through which the Living Wage rates in London and the rest of the UK are calculated by the Resolution Foundation and overseen by the… Continue Reading
