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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

  • Half of staff fear Brexit redundancies within a year

    Date:
    18 April 2019
    Type:
    News

    Almost half of employees think their employer will make redundancies over the next year, fearing Brexit will result in financial instability.

  • Inflation

    Type:
    Indicators

    Updated to include official inflation data from the ONS for March 2019, along with the latest forecasts from our panel of economists. The next ONS release date is 22 May 2019.

  • Labour disputes

    Type:
    Indicators

    Updated to include official statistics from the ONS for February 2019 on days lost to labour disputes and the number of stoppages. The next ONS release date is 14 May 2019.

  • 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 February 2019. The next ONS release date is 14 May 2019.

  • 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 14 May 2019.

  • How to get ahead in the labour market race

    Date:
    11 April 2019
    Type:
    Commentary and analysis

    Matt Weston, managing director of recruitment firm Robert Half, looks at the current UK labour market and provides some insight into how business can attract and retain the best talent.

  • Recruitment

    Type:
    Indicators

    Updated to include data for March 2019 on the availability and recruitment of permanent and temporary staff from IHS Markit/KPMG/Recruitment & Employment Confederation. The next figures are due to be published on 9 May 2019.

  • Women at highest risk of losing roles to automation

    Date:
    26 March 2019
    Type:
    News

    Around 1.5 million people in England are at high risk of losing their job to automation - and women are most at risk - according to the Office for National Statistics.

  • Business confidence: private sector

    Type:
    Indicators

    Updated to include the outlook on the financial services industry from the CBI/PricewaterhouseCoopers Financial Services Survey, March 2019.

  • Tech jobs enjoy UK boost but banking roles fare better in EU

    Date:
    22 March 2019
    Type:
    News

    There is evidence of a "jobs merry-go-round" in European centres as Brexit approaches, according to recruitment company Robert Walters.

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