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. Despite both CPI and RPI inflation rising, this has yet to feed through into upward pressure on pay awards or earnings.

Sheila Attwood, managing editor, pay and HR practice

New and updated

  • Business confidence: private sector

    Type:
    Indicators

    Updated to include the outlook on the manufacturing industry from the CBI Quarterly Industrial Trends Survey, April 2018.

  • Inflation

    Type:
    Indicators

    Updated to include official inflation data from the ONS for March 2018, along with the latest forecasts from our panel of economists. The next ONS release date is 23 May 2018.

  • Labour disputes

    Type:
    Indicators

    Updated to include official statistics from the ONS for February 2018 on days lost to labour disputes and the number of stoppages. The next ONS release date is 15 May 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 February 2018. The next ONS release date is 15 May 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 15 May 2018.

  • Skills shortages and Brexit could accelerate job automation in London

    Date:
    12 April 2018
    Type:
    News

    Almost a third of jobs in London could be automated in the next 20 years, but automation could be accelerated by wage pressure and labour shortages after Brexit.

  • Recruitment

    Type:
    Indicators

    Updated to include data for March 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 9 May 2018.

  • Migration Advisory Committee recommendations: Do the claims stand up?

    Date:
    4 April 2018
    Type:
    Commentary and analysis

    Last month, the Migration Advisory Committee (MAC) released its interim report on EEA workers in the UK labour market. Karen Kaur, an immigration analyst with Migrate UK, considers the evidence.

  • Employers worried about migrant worker restrictions post-Brexit

    Date:
    28 March 2018
    Type:
    News

    Employers are concerned about the prospect of restrictions on their ability to recruit workers from the European Economic Area (EEA), according to the Migration and Advisory Committee (MAC), with many claiming migrant workers were often the best or the only available candidates.

  • Number of EU workers searching for UK roles drops by 11%

    Date:
    27 March 2018
    Type:
    News

    The number of EU workers actively searching for jobs in the UK has fallen by more than 11% since the referendum in June 2016.

About this topic

HR and legal information and guidance relating to the economy.

Economy: key resources

Tools for pay specialists