Topics

Economy

Sheila Attwood 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. Both CPI and RPI inflation measures show strong price rises, which is finally feeding through into upward pressure on pay awards and 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 September 2018, along with the latest forecasts from our panel of economists. The next ONS release date is 14 November 2018.

  • Labour disputes

    Type:
    Indicators

    Updated to include official statistics from the ONS for August 2018 on days lost to labour disputes and the number of stoppages. The next ONS release date is 13 November 2018.

  • 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 August 2018. The next ONS release date is 13 November 2018.

  • 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 13 November 2018.

  • Employers should act now to mitigate job automation effect

    Date:
    15 October 2018
    Type:
    Commentary and analysis

    The Fourth Industrial Revolution is set to have a significant impact on pay, working conditions and productivity. Ashleigh Webber reports from the Acas Future of Work conference, where speakers explained what employers should prepare for.

  • Review of pay awards 2018: Chemicals, pharmaceuticals and oil

    Date:
    11 October 2018
    Type:
    Survey analysis

    Our analysis of pay awards in the chemicals, pharmaceuticals and oil sector over the past year finds them among some of the highest across the economy.

  • Review of pay awards 2018: Construction

    Date:
    11 October 2018
    Type:
    Survey analysis

    Pay settlements in the construction sector have remained stable over the past year, although some of the industry-wide deals have resulted in more generous awards.

  • Review of pay awards 2018: Hotels, catering and leisure

    Date:
    11 October 2018
    Type:
    Survey analysis

    Wage rises in the hotels, catering and leisure sector have kept up with those across the economy as a whole, with many employees gaining from increases to the national minimum wage rates.

  • Review of pay awards 2018: Information and communication

    Date:
    11 October 2018
    Type:
    Survey analysis

    Pay awards in the information and communication sector have risen over the past year, with pay awards based on performance giving rise to particularly healthy increases.

  • Review of pay awards 2018: Professional and business services

    Date:
    11 October 2018
    Type:
    Survey analysis

    Pay awards in the professional and business services sector have not kept pace with those in other sectors of the economy, our analysis of pay settlements over the past year finds.

About this topic

HR and legal information and guidance relating to the economy.

Economy: key resources

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