Bargaining statistics: 25 January 2008
We summarise the latest bargaining statistics in a single table, including up-to-date official figures on inflation, earnings and the labour market, as well as settlement statistics from the main pay analysts.
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Bargaining statistics: 25 January 2008 |
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|
Measure |
Date |
Latest |
Year ago |
INFLATION |
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All-items RPI |
% change over 12 months |
Dec '07 |
4.0% |
4.4% |
Underlying RPI |
% change over 12 months |
Dec '07 |
3.1% |
3.8% |
CPI (formerly HICP) |
% change over 12 months |
Dec '07 |
2.1% |
3.0% |
BASIC PAY SETTLEMENTS |
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EEF engineering |
Average settlement over three months |
Dec '07 |
3.2% |
3.2% |
IRS whole economy |
Median award over three months |
Dec '07 |
3.7% |
3.1% |
IRS private sector |
Median award over three months |
Dec '07 |
3.7% |
3.1% |
IRS manufacturing |
Median award over three months |
Dec '07 |
4.1% |
3.5% |
IRS services |
Median award over three months |
Dec '07 |
3.3% |
3.0% |
LRD whole economy |
Median settlement over three months |
Dec '07 |
3.9% |
3.5% |
LRD private sector |
Median settlement over three months |
Dec '07 |
4.0% |
3.5% |
AVERAGE EARNINGS (HEADLINE RATE - THREE-MONTH AVERAGE) |
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Whole economy |
% change over 12 months |
Nov '07 |
4.0% |
4.1% |
Private sector |
% change over 12 months |
Nov '07 |
4.2% |
4.3% |
Public sector |
% change over 12 months |
Nov '07 |
3.3% |
3.2% |
Services |
% change over 12 months |
Nov '07 |
4.2% |
4.2% |
Manufacturing |
% change over 12 months |
Nov '07 |
2.6% |
5.2% |
GROSS EARNINGS (NOT SEASONALLY ADJUSTED, UK) |
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Full-time males |
LFS median gross weekly earnings |
Q3 '07 |
£462 |
£450 |
Full-time females |
LFS median gross weekly earnings |
Q3 '07 |
£361 |
£346 |
LABOUR COSTS/PRODUCTIVITY |
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Manufacturing unit wage costs |
% change over 12 months |
Nov '07 |
0.5% |
0.3% |
Manufacturing productivity |
% change over 12 months |
Nov '07 |
2.1% |
4.8% |
Whole-economy unit wage costs |
% change over 12 months |
Q3 '07 |
1.5% |
2.1% |
Whole-economy productivity |
% change over 12 months |
Q3 '07 |
2.6% |
2.3% |
UNEMPLOYMENT |
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ILO definition, seasonally adjusted (UK) |
Thousands (actively seeking work) over three months |
Nov '07 |
1,649 |
1,678 |
% of workforce over three months |
Nov '07 |
5.3% |
5.5% |
|
Claimant count, seasonally adjusted (UK) |
Thousands (claiming unemployment-related benefit) |
Dec '07 |
807.7 |
939.1 |
% of workforce |
Dec '07 |
2.5% |
2.9% |
|
LABOUR DISPUTES |
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Working days lost through stoppages of work |
Monthly count, UK |
Nov '07 |
17,000 |
23,000 |
