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Pay awards fall back to 3.2%

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Source: IRS Employment Review

Issue: 897

Date: 30/05/2008

Publisher: IRS

Pay awards fall back to 3.2%

TOPICS:

recruitment	labour market and economy
pay and benefits	pay levels and awards pay-related incentives/awards

AUTHOR: Rachel Sharp

Pay awards in the three months to the end of April 2008 have fallen to 3.2% from the steady 3.5% in each of the rolling quarters since January this year, amid signs of economic slowdown.

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Table 1: Private sector pay awards, April 2007 to April 2008
Chart 1: Pay review pattern, April 2007 to April 2008
Table 2: Whole-economy pay awards, April 2007 to April 2008
Box 1: State of play in key negotiations
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