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 September 2018 on days lost to labour disputes and the number of stoppages. The next ONS release date is 11 December 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 September 2018. The next ONS release date is 11 December 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 11 December 2018.
Updated to include data for October 2018 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 7 December 2018.
The Government will struggle to recruit enough staff and put in place appropriate infrastructure and systems to police the UK's borders with the EU in the event of a no-deal Brexit, according to a report by the National Audit Office.
Updated to include the outlook on the manufacturing industry from the CBI Quarterly Industrial Trends Survey, October 2018.
Eight out of 10 businesses feel the lack of clarity emerging from the Brexit talks is having a negative impact on investment decisions, according to a survey by the CBI.
The Fourth Industrial Revolution is set to have a significant impact on pay, working conditions and productivity. Ashleigh Webber reports from the Acas Future of Work conference, where speakers explained what employers should prepare for.
Our analysis of pay awards in the chemicals, pharmaceuticals and oil sector over the past year finds them among some of the highest across the economy.
HR and legal information and guidance relating to the economy.