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
There were few surprises for employers in today's budget, the first delivered since the snap general election in June.
Updated to include official statistics from the ONS on average weekly hours worked in the UK for the three months to the end of September 2017. The next ONS release date is 13 December 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 13 December 2017.
Updated to include data for October 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 December 2017.
Updated to include the outlook on the manufacturing industry from the CBI Quarterly Industrial Trends Survey, October 2017.
Flexible working options should be a standard offering in new roles if employers and recruiters are to meet the challenges of the labour market.
More than four in 10 (42%) UK businesses have cancelled digital projects in the past two years, losing on average £483,690 each time, a study by Fujitsu has found.
Retail pay settlements hold steady at 2% and look set to remain at this level.
Pay awards across the private sector are worth a median 2% in the year to the end of August 2017, but some variation exists by industry.