ERC – Chart of the Week- Employment and Earnings

Summary: Employment and Earnings: while the total level of employment in the UK continues to break records, real average wages are still declining steadily.     What does the chart show? This week’s chart shows both employment and earnings. The blue line, measured against the left hand axis in millions of people, shows the total […]

ERC – Chart of the Week – UK Unemployment and Earnings

Summary: The monthly labour market statistics brought further good news this week as the unemployment rate fell to 7.1% in the three months leading up to November 2013. However, real average weekly earnings have also continued to fall.     Source: The Economic Research Council