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. 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

  • Labour disputes

    Type:
    Indicators

    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.

  • 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 September 2018. The next ONS release date is 11 December 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 11 December 2018.

  • Recruitment

    Type:
    Indicators

    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.

  • UK Border Force to face staff shortages in event of no-deal Brexit

    Date:
    24 October 2018
    Type:
    News

    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.

  • Business confidence: private sector

    Type:
    Indicators

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

  • CBI: Businesses losing patience as Brexit talks stall

    Date:
    22 October 2018
    Type:
    News

    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.

  • Inflation

    Type:
    Indicators

    Updated to include official inflation data from the ONS for September 2018, along with the latest forecasts from our panel of economists. The next ONS release date is 14 November 2018.

  • Employers should act now to mitigate job automation effect

    Date:
    15 October 2018
    Type:
    Commentary and analysis

    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.

  • Review of pay awards 2018: Chemicals, pharmaceuticals and oil

    Date:
    11 October 2018
    Type:
    Survey analysis

    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.

About this topic

HR and legal information and guidance relating to the economy.

Economy: key resources

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