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
Updated to include official statistics from the ONS for June 2019 on days lost to labour disputes and the number of stoppages. The next ONS release date is 10 September 2019.
Updated to include official statistics from the ONS on average weekly hours worked in the UK for the three months to the end of June 2019. The next ONS release date is 10 September 2019.
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 10 September 2019.
Increasing minimum holiday entitlement and wages would help solve the UK's productivity crisis and stimulate economic growth, a think tank has suggested.
Updated to include data for July 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 6 September 2019.
Updated to include the outlook on the manufacturing industry from the CBI Quarterly Industrial Trends Survey, July 2019.
There should be an increase in "good-quality" jobs and an improvement in working conditions if the government's industrial strategy is to be a success - but this will require it to take a different approach, the TUC has argued.
Business secretary Greg Clark has warned that 'many thousands' of jobs will be lost if the UK leaves the EU without a deal.
The education secretary plans to revamp the lesser-known Level 4 and 5 qualifications to encourage more students to study them and help meet employers' demand for the specialist skills they provide.
HR and legal information and guidance relating to the economy.