Editor's message: HR and reward professionals need to keep track of inflation rates, labour market data and other key indicators to understand the context in which their organisation is recruiting, retaining and rewarding their employees.
Official statistics from the Office of National Statistics show that despite slow economic growth, the labour market has held up well and unemployment has fallen. Despite both CPI and RPI inflation rising, this has yet to feed through into upward pressure on pay awards or earnings.
Sheila Attwood, managing editor, pay and HR practice
Updated to include the outlook on the financial services industry from the CBI/PricewaterhouseCoopers Financial Services Survey, September 2017.
Updated to include official statistics from the ONS on average weekly hours worked in the UK for the three months to the end of July 2017. The next ONS release date is 18 October 2017.
Updated to include the latest official statistics from the ONS on employment and unemployment, and labour market forecasts from HM Treasury and ManpowerGroup. The next ONS release date is 18 October 2017.
Updated to include data for August 2017 on the availability and recruitment of permanent and temporary staff from IHS Markit/Recruitment & Employment Confederation. The next figures are due to be published on 6 October 2017.
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