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Pay settlements at record low

Our latest monthly analysis of pay trends shows that pay awards are running at just 1.3% in May 2009 - the lowest headline pay award ever recorded by IRS.

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Pay cuts remain rare
Manufacturing sector suffers
Key findings from the IRS pay databank
Pay awards and the cost of living
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Table 1: Private sector pay awards, May 2008 to May 2009
Chart 1: Pay review pattern, May 2008 to May 2009
Table 2: Whole-economy pay awards, May 2008 to May 2009
State of play in key negotiations
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