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Economy

Sheila Attwood 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

New and updated

  • Inflation

    Type:
    Indicators

    Updated to include official inflation data from the ONS for June 2017, along with the latest forecasts from our panel of economists. The next ONS release date is 15 August 2017.

  • 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 May 2017. The next ONS release date is 16 August 2017.

  • 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 16 August 2017.

  • Business confidence: private sector

    Type:
    Indicators

    Updated to include the outlook on the financial services industry from the CBI/PricewaterhouseCoopers Financial Services Survey, June 2017.

  • Recruitment

    Type:
    Indicators

    Updated to include data for June 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 8 August 2017.

  • Apprenticeship levy

    Date:
    21 June 2017
    Type:
    Editor's choice

    Apprenticeships are changing, with a levy for large employers now in place. We round up our resources on the apprenticeship levy, including a "How to" guide on employing an apprentice under the new rules, a revised model apprenticeship agreement and new example letters to use at the conclusion of an apprenticeship.

  • Why Brexit means business for interim talent

    Date:
    15 June 2017
    Type:
    Commentary and analysis

    Demand for interim managers has risen impressively since the UK's decision to leave the EU. Jo Sweetland, managing partner at recruitment specialists Green Park, considers why this might be the case.

  • Candidate availability hits a 16-month low, says REC

    Date:
    9 May 2017
    Type:
    News

    The UK jobs market has experienced its steepest drop in candidate availability for 16 months, according to the Recruitment and Employment Confederation's latest Report on Jobs.

  • Take part in our annual labour turnover survey

    Date:
    4 May 2017
    Type:
    Editor's choice

    XpertHR's latest annual survey focuses on gathering annual labour turnover rates, which in turn, will allow you to benchmark your organisation's rate against those of similar organisations.

  • Self-employment loopholes must be closed, says Work and Pensions Committee

    Date:
    2 May 2017
    Type:
    News

    Government must close the loopholes that allow "gig economy" companies to engage people on a supposedly "self-employed" basis, a committee of MPs has said.

About this topic

HR and legal information and guidance relating to the economy.