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
Updated to include official statistics from the ONS for October 2017 on days lost to labour disputes and the number of stoppages. The next ONS release date is 24 January 2018.
Updated to include official statistics from the ONS on average weekly hours worked in the UK for the three months to the end of October 2017. The next ONS release date is 24 January 2018.
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 24 January 2018.
Updated to include data for November 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 9 January 2018.
The Government has promised that every school and college in the country will have a dedicated careers leader in place by the start of the new school year.
Data on the outlook for the private sector from CBI business surveys.
The Government has released its flagship Industrial Strategy, aimed at boosting productivity and economic performance in the UK.
There were few surprises for employers in today's budget, the first delivered since the snap general election in June.
Flexible working options should be a standard offering in new roles if employers and recruiters are to meet the challenges of the labour market.
HR and legal information and guidance relating to the economy.