Temporary rise in average wages, but underlying wage growth to stay around 2½ per cent

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No sign of persistent wage inflation despite lower unemployment and higher vacancies

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The economy created more jobs than it lost during the third national lockdown

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The vaccination programme gives the first shots of hope to the labour market, but unemployment to trend up

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Average pay growth to ease after a strong rise in the last quarter of 2020

Compositional effects push up average weekly earnings at the end of 2020

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2020 shaping up to be the worst year for total pay growth since 2009

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Recovery in average weekly earnings to stall despite hopes for a new vaccine

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Covid-19 continues to suppress private sector pay

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Private Sector Pay to Decline Further in Q3 as Employment Falls

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