- Home
- Publications
- NIESR Wage Tracker – September 2020
NIESR Wage Tracker – September 2020

15 September, 2020


Authors
Related Themes
Labour, Employment and WagesPrivate Sector Pay to Decline Further in Q3 as Employment Falls
Main points
- According to new ONS statistics published this morning, average weekly earnings, including bonuses, declined at an annual rate of 1 per cent in the three months to July, or 1.8 per cent in real terms.
- The construction sector was worst hit with pay growth declining by 7.5 per cent while public sector pay growth is at the highest since 2006 at 4.5 per cent.
- We forecast August and September earnings to fall compared to July as demand for labour declines consistent with our unemployment forecast of 5.8 per cent for the third quarter. On average, weekly earnings including bonuses would decline by 0.8 per cent in the third quarter compared to a year ago and by 1.6 per cent in real terms.
“The UK labour market is entering a very difficult phase with unemployment going up and wages declining in the private sector. As the effect of the pandemic lingers on, more government support may be required to prevent the long-term scarring from a surge in unemployment”.
Cyrille Lenoël
Senior Economist, NIESR
Related Blog Posts


Blog
As furlough comes to an end, recruitment procedures are not fit for purpose for older workers
Johnny Runge
Rose Lasko-Skinner
5 min read


Related Projects

project
Wage and Employment Dynamics
Related News


news
Press Release: Compositional effects push up average weekly earnings at the end of 2020
26 Jan 2021
2 min read

news
Press Release: 2020 shaping up to be the worst year for total pay growth since 2009
15 Dec 2020
2 min read

news
Press Release: Recovery in average weekly earnings to stall despite hopes for a new vaccine
10 Nov 2020
2 min read
Related Publications
publication
Cost-of-living squeeze ramps up as fall in real wages continue
17 May 2022
Wage Trackers
publication
Latest wage estimates suggest cost-of-living squeeze is tightening
12 Apr 2022
Wage Trackers
Related events

Improving the Recruitment of Older Workers
The UK job market is currently going through dramatic changes, especially due to the impacts of Covid-19 and Brexit, with reports of shortages in many sectors. In addition to giving...
09:00 to 10:30
30 September, 2021

