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Economy

Sheila Attwood Editor's message: The state of the economy in which an organisation operates will impact on its level of business, and how easy, or otherwise, it is to recruit and retain the staff it needs. HR and reward professionals can keep track of inflation rates, labour market data and other key economic indicators to understand the context in which their organisation is recruiting, retaining and rewarding its 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

New and updated

  • Number of EU citizens leaving UK highest since 2008

    Date:
    23 February 2018
    Type:
    News

    The number of EU citizens leaving the UK has reached its highest point since 2008, according to the latest migration numbers from the Office for National Statistics.

  • Better support for older workers could be a major boost to economy

    Date:
    21 February 2018
    Type:
    News

    Supporting older workers to stay in good-quality employment could unlock huge economic potential, according to a report published today.

  • Labour disputes

    Type:
    Indicators

    Updated to include official statistics from the ONS for December 2017 on days lost to labour disputes and the number of stoppages. The next ONS release date is 21 March 2018.

  • Working hours

    Type:
    Indicators

    Updated to include official statistics from the ONS on average weekly hours worked in the UK for the three months to the end of December 2017. The next ONS release date is 21 March 2018.

  • Employment

    Type:
    Indicators

    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 21 March 2018.

  • Skills-based immigration system needed post-Brexit

    Date:
    19 February 2018
    Type:
    News

    The majority of employers would prefer some form of immigration system based on national or regional skills shortages, in the event that migration restrictions are put in place post-Brexit.

  • Inflation

    Type:
    Indicators

    Updated to include official inflation data from the ONS for January 2018, along with the latest forecasts from our panel of economists. The next ONS release date is 20 March 2018.

  • Recruitment

    Type:
    Indicators

    Updated to include data for January 2018 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 8 March 2018.

  • Skills gap will worsen after Brexit, say employers

    Date:
    7 February 2018
    Type:
    News

    Half of employers believe Brexit will exacerbate the shortage of skilled professionals in the UK, according to new research.

  • Jobs in North and the Midlands at high risk of automation

    Date:
    29 January 2018
    Type:
    News

    One in five jobs in UK cities could be displaced by automation by 2030, with those in the North and the Midlands the most at risk.

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