Bargaining statistics: 27 June 2008

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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Bargaining statistics: 27 June 2008

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

 

Measure

Date

Latest

Year ago

INFLATION

All-items RPI

% change over 12 months

May '08

4.3%

4.3%

Underlying RPI

% change over 12 months

May '08

4.4%

3.3%

CPI (formerly HICP) 

% change over 12 months

May '08

3.3%

2.5%

BASIC PAY SETTLEMENTS

EEF engineering

Average settlement over three months

May '08

3.0%

3.2%

IRS whole economy

Median award over three months

May '08

3.3%

3.2%

IRS private sector

Median award over three months

May '08

3.4%

3.5%

IRS manufacturing

Median award over three months

May '08

3.5%

3.2%

IRS services

Median award over three months

May '08

3.0%

3.0%

LRD whole economy

Median settlement over three months

May '08

4.0%

3.5%

LRD private sector

Median settlement over three months

May '08

4.0%

3.9%

AVERAGE EARNINGS (HEADLINE RATE, THREE-MONTH AVERAGE)

Whole economy

% change over 12 months

Apr '08

3.8%

3.7%

Private sector

% change over 12 months

Apr '08

3.8%

4.0%

Public sector

% change over 12 months

Apr '08

3.8%

3.0%

Services

% change over 12 months

Apr '08

4.2%

3.8%

Manufacturing

% change over 12 months

Apr '08

3.5%

3.3%

GROSS EARNINGS (NOT SEASONALLY ADJUSTED, UK)

Full-time males

LFS median gross weekly earnings

Q4 ’07

£462

£450

Full-time females

LFS median gross weekly earnings

Q4 ’07

£365

£346

LABOUR COSTS/PRODUCTIVITY

Manufacturing unit wage costs

% change over 12 months

Apr '08

0.8%

-0.1%

Manufacturing productivity

% change over 12 months

Apr '08

2.7%

3.5%

Whole-economy unit wage costs

% change over 12 months

Q4 '07

2.7%

1.6%

Whole-economy productivity

% change over 12 months

Q4 '07

1.7%

2.1%

UNEMPLOYMENT

ILO definition, seasonally adjusted (UK)

Thousands (actively seeking work) over three months

Apr '08

1,643

1,677

ILO definition, seasonally adjusted (UK), rate

% of workforce over three months

Apr '08

5.3%

5.4%

Claimant count, seasonally adjusted (UK)

Thousands (claiming unemployment-related benefit)

May '08

819.3

877.4

Claimant count, seasonally adjusted (UK), rate

% of workforce

May '08

2.5%

2.7%

LABOUR DISPUTES

Working days lost through stoppages of work

Monthly count, UK

Apr '08

142,000

3,000