Bargaining statistics: 18 May 2007

We summarise the latest bargaining statistics in a single table, including up-to-date official figures on inflation, earnings and the labour market, as well as settlement statistics from the main pay analysts.

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    In this table:
    Inflation
    Basic pay settlements
    Average earnings (headline rate - three-month average)
    Gross earnings (not seasonally adjusted, UK)
    Labour costs/productivity
    Unemployment
    Labour disputes

    Bargaining statistics: 18 May 2007

     

    Measure

    Date

    Latest

    Year ago

    INFLATION

    All-items RPI

    % change over 12 months

    Apr '07

    4.5%

    2.6%

    Underlying RPI

    % change over 12 months

    Apr '07

    3.6%

    2.4%

    CPI (formerly HICP)

    % change over 12 months

    Apr '07

    2.8%

    2.0%

    BASIC PAY SETTLEMENTS

    EEF engineering

    Average settlement over three months

    Apr '07

    3.2%

    2.7%

    IRS whole economy

    Median award over three months

    Apr '07

    3.0%

    3.0%

    IRS private sector

    Median award over three months

    Apr '07

    3.0%

    3.0%

    IRS manufacturing

    Median award over three months

    Apr '07

    3.0%

    3.0%

    IRS services

    Median award over three months

    Apr '07

    3.0%

    3.0%

    LRD whole economy

    Median settlement over three months

    Apr '07

    3.6%

    3.0%

    LRD private sector

    Median settlement over three months

    Apr '07

    4.0%

    3.0%

    AVERAGE EARNINGS (HEADLINE RATE - THREE-MONTH AVERAGE)

    Whole economy

    % change over 12 months

    Mar '07

    4.5%

    4.0%

    Private sector

    % change over 12 months

    Mar '07

    4.9%

    4.0%

    Public sector

    % change over 12 months

    Mar '07

    3.1%

    4.2%

    Services

    % change over 12 months

    Mar '07

    4.8%

    4.0%

    Manufacturing

    % change over 12 months

    Mar '07

    3.4%

    5.1%

    GROSS EARNINGS (NOT SEASONALLY ADJUSTED, UK)

    Full-time males

    LFS median gross weekly earnings

    Q1 '07

    £462

    £442

    Full-time females

    LFS median gross weekly earnings

    Q1 '07

    £350

    £346

    LABOUR COSTS/PRODUCTIVITY

    Manufacturing unit wage costs

    % change over 12 months

    Mar '07

    -0.2%

    1.1%

    Manufacturing productivity

    % change over 12 months

    Mar '07

    3.6%

    3.9%

    Whole-economy unit wage costs

    % change over 12 months

    Q4 '06

    1.9%

    2.1%

    Whole-economy productivity

    % change over 12 months

    Q4 '06

    1.9%

    1.3%

    UNEMPLOYMENT

    ILO definition, seasonally adjusted (UK)
    - rate

    Thousands (actively seeking work) over three months

    Mar '07

    1,700

    1,599

    % of workforce over three months

    Mar '07

    5.5%

    5.2%

    Claimant count, seasonally adjusted (UK)
    - rate

    Thousands (claiming unemployment-related benefit)

    Apr '07

    890

    947.1

    % of workforce

    Apr '07

    2.8%

    3.0%

    LABOUR DISPUTES

    Working days lost through stoppages of work

    Monthly count, UK

    Mar '07

    13,000

    482,000