ONS considering bigger cash rewards to address drop in survey response rate November 12, 2023 The Office for National Statistics (ONS) is offering bigger cash incentives for participants in its surveys as it seeks to address the declining response rate.
Increasing signs of slack in UK’s labour market as firms report growing pool of workers November 8, 2023 The survey showed that starting salary inflation slipped to a 31-month low, although it remained "sharp".
Unemployment lower than expected in new ‘experimental’ figures – but experts raise concern over data quality October 24, 2023 Figures out last week showed that average wage growth had slowed slightly, with total annual wage growth falling to 8.1 per cent compared to 8.5 per cent in the previous reading.
Inflation to continue falling despite rising energy prices, experts predict October 15, 2023 Falling food prices are expected to help bring down the annual rate of inflation in September.
Firms reluctant to recruit permanent staff, research suggests October 11, 2023 Uncertainty over the economic outlook as well as rising costs are continuing to affect staff recruitment, new research suggests.
Why rising wages will concern the Bank of England September 12, 2023 With inflation coming down to 6.8 per cent in July, this means that households are seeing a boost in real income for the first time in nearly a year. But the Bank of England will be nervous.
Unemployment up and wage growth still hot: New figures to spook Bank of England September 12, 2023 Unemployment has crept up whilst wage growth remains hot - creating problems for the Bank of England
UK unemployment ticks up but wage growth hits two-decade-high August 15, 2023 The rate of UK unemployment rose to 4.2 per cent in the three months to June from 3.9 per cent in the previous three months, the Office for National Statistics said. However, this was tempered by annual growth in pay – excluding bonuses – up to 7.8 per cent in June. This is the highest [...]
Cost of living pressures set to ease as inflation tipped to fall again August 14, 2023 Cost of living pressures facing households are set to ease, as experts predict inflation will fall below wage growth for the first time since last April. Official figures out on Tuesday are tipped to show that wage growth hit 7.4 per cent in the three months to June on an annual basis, up from 7.3 [...]
Skills shortage doubled since pre-Brexit and pandemic as four in five firms struggle to fill roles March 27, 2023 Four in five businesses are struggling to fill vacancies because of a lack of skilled workers – the highest number in 17 years, new research suggests. Employment group Manpower said the number of employers reporting skills shortages has increased six-fold over the last decade – and more than doubled since pre-Brexit and the pandemic. A [...]