Analysis and action on living standards
Jobs, Skills and Pay
In the three months to January 2019, average nominal pay growth was 3.4 per cent, where it had been for the last three months. However, with inflation falling below its 2 per cent target, real pay growth strengthened to 1.4 per cent, the highest since June 2016. Improving pay growth is being driven by a … Continued
Jobs, Skills and Pay
On the eve of the global financial crisis, the UK’s employment rate was 73.0 per cent. A decade on and the employment rate is 75.7 per cent, by a distance the highest since comparable records began in 1971. This report looks back at a decade of unprecedented growth in employment, and at the effect this … Continued
Jobs, Skills and Pay
In October there was good news on pay: nominal pay grew by 3.1 per cent in the 12 months to August, the fastest growth since the financial crisis (January 2009). The question is, is such (relatively) strong pay growth likely to be sustained? Nominal pay growth has been building steadily since early 2017, so this … Continued