Pay awards drop further behind inflation
The median pay award has risen to 3.5% in the three months to the end of July, but the gap between pay settlements and retail prices index inflation has widened to 1.5 percentage points.
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Construction deals dominate
Pay settlements fall further behind inflation
Labour market loosening
Key findings from the IRS pay databank
Economic outlook gloomy
Table 1: Private sector pay awards, July 2007 to July 2008
Chart 1: Pay review pattern, July 2007 to July 2008
Table 2: Whole-economy pay awards, July 2007 to July 2008
State of play in key negotiations
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