The labour market recovery is now in full flow with unemployment falling to 6.4% in the second quarter of 2014.
Latest Blogposts
Chart of the Week: Week 32, 2014: The American Recovery
In contrast to the UK recovery (covered by last week’s chart), the US economy has been looking very positive for a while now.
Chart of the Week: Week 31, 2014: UK Recessions and Recoveries
The preliminary estimate of GDP growth for the second quarter of 2014, released at the end of last week, suggested that the UK economy has finally overtaken the previous peak of output before the recession in 2008.
Chart of the Week: Week 30, 2014: UK Housing Affordability
This year, our annual chart on housing affordability shows quite a dramatic increase in the house price to earnings ratio, and unlike last year, mortgage affordability has also declined.
Chart of the Week: Week 29, 2014: Employment and Earnings
While the total level of employment in the UK continues to break records, real average wages are still declining steadily.
Chart of the Week: Week 28, 2014: UK Wage Differences
At the end of last week, the ONS released a report on how wages have changed over time, particularly for three cohorts born in 1954, 1964 and 1974.