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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

  • Inflation

    Type:
    Indicators

    Updated to include official inflation data from the ONS for May 2019, along with the latest forecasts from our panel of economists. The next ONS release date is 17 July 2019.

  • Labour disputes

    Type:
    Indicators

    Updated to include official statistics from the ONS for April 2019 on days lost to labour disputes and the number of stoppages. The next ONS release date is 16 July 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 April 2019. The next ONS release date is 16 July 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 16 July 2019.

  • Recruitment

    Type:
    Indicators

    Updated to include data for May 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 5 July 2019.

  • Expand shortage occupation list to meet skills needs

    Date:
    30 May 2019
    Type:
    News

    The shortage occupation list should be expanded to allow more migrant workers to fill a wider range of health, IT and engineering occupations, the Migration Advisory Committee has recommended. But the list could become redundant under future immigration rules.

  • Address north-south jobs divide, says inequality report

    Date:
    30 May 2019
    Type:
    News

    More than half of the UK's future job growth will be in London and the south-east, according to a report by the UK2070 Commission.

  • Business confidence: private sector

    Type:
    Indicators

    Updated to include the outlook on the services industry from the CBI Quarterly Service Sector Survey, May 2019.

  • Blurring of work and home life is the tip of the tech iceberg

    Date:
    13 May 2019
    Type:
    Commentary and analysis

    New technology is often hailed as the UK's economic saviour. But have we appreciated AI's potential for radically altering workplace relationships and impacting our mental health, asks Acas's Adrian Wakeling.

  • Future jobs will require the human touch, says Amber Rudd

    Date:
    10 May 2019
    Type:
    News

    Increased automation will allow employers to offer roles that require distinct "human sensibilities" and allow workers to be more creative, according to the government.

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