Wage growth eases as Bank of England considers interest rate cut July 18, 2024 The labour market figures are the last major set of statistics before the Bank of England's latest interest rate decision in a couple of weeks time.
Labour market continues to ease but pay growth accelerates, survey shows July 8, 2024 The latest survey from KPMG and the Recruitment and Employment Confederation (REC) showed that starting salary inflation for permanent roles increased at its fastest rate for eight months.
Job postings plummet by a fifth over past year as demand for workers weakens June 27, 2024 Vacancies in many sectors surged post-pandemic as firms looked for more workers to meet pent-up demand.
UK households would be £4,300 richer per year if pay growth had matched Germany and the US June 25, 2024 Households would be £4,300 a year better off if pay growth in the UK had matched average wages in Germany and the US since 2010, according to a new study.
Skills gap remains ‘stubbornly high’ with over half of London firms suffering from shortages June 19, 2024 Engineering was the most commonly cited occupation where firms are struggling to find the right workers followed by sales and marketing.
Why Labour will need to fix the UK’s labour market to unlock economic growth June 10, 2024 Its easy to see why an economy's labour market is important for boosting economic growth, and indeed a growing labour market has been one of the major drivers of growth over the past few decades.
Can Mel Stride’s bootcamps address ‘urgent need’ to boost workforce? May 21, 2024 Stride admitted that moving away from migration might provide a "recruitment challenge," but argued the policy formed part of a shift towards an "economic model based on British talent".
Labour hoarding makes life difficult for Bank of England, rate-setter says May 16, 2024 Labour hoarding since the pandemic has helped fuel inflation and could mean rates have to remain high, a Bank of England policymaker said.
Labour market slowdown might be coming to an end raising questions for Bank of England May 9, 2024 The survey will give conflicting signals to the Bank of England, as policymakers mull their latest interest rate decision, due later today.