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
Changes to self-employment tax rules have "seriously damaged" the NHS and the public sector, according to research by the Association of Independent Professionals and the Self-Employed (IPSE) and the CIPD.
The soft fruit industry could be "crushed" by Brexit if it loses access to the thousands of seasonal workers it relies upon from EU countries, a trade body has claimed.
Updated to include official statistics from the ONS for April 2018 on days lost to labour disputes and the number of stoppages. The next ONS release date is 17 July 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 April 2018. The next ONS release date is 17 July 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 17 July 2018.
Updated to include data for May 2018 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 6 July 2018.
The Government is seeking views on the factors that may impact on business productivity and growth.
One of the UK's leading department stores, House of Fraser, is to close in 31 of its 59 locations including its flagship shop on London's Oxford Street.
Carphone Warehouse is to close 92 stores after the retailer became the latest to issue a profit warning, amid continuing woes on the high street. The chain's owner Dixons Carphone, however, said that staff would be redeployed to larger outlets.
HR and legal information and guidance relating to the economy.