Finance

These 5 charts show the state of pay and employment in Britain

Reuters/Peter Nicholls

Britain’s labour market has been the subject of much head-scratching in recent years.

The country is at close to full employment — the point at which everyone who wants a job has a job — and yet, wages have been increasing slower than inflation has been rising and productivity growth is weak.

Sadly for British workers, that doesn’t look set to change too much going forward, according to the latest report from think-tank, the Resolution Foundation analysing the state of Britain’s jobs market.

“Despite an uptick in labour productivity in the second half of 2017, early data from 2018 suggests that this could have been an aberration,” the foundation’s quarterly earnings outlook report said.

“Unless the UK economy is able to raise productivity, then our ability to deliver robust real pay growth will be limited.”

The Resolution Foundation’s report included a whole heap of charts looking at the state of the labour market right now, analysing where Brits are getting pay rises, how much those pay rises are, and how the near future looks for jobs.

Check out a handful of them below.

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