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Labour Market Information: Tyne and Wear, Northumberland and Durham

Report - The RF Earnings Outlook Q3 2016

This final Earnings Outlook of the year – capturing data up to Q3 – provides an opportunity to take stock of these developments. In particular, we now have a full picture of how earnings were performing just after the NLW’s introduction, and new forecasts from the Office for Budget Responsibility (OBR) that provide a view on how the post-referendum economy might develop. The former confirms a positive picture, with fairly strong and very progressive earnings growth into the early part of 2016. However, the latter suggests this risks being as good as it gets: new analysis in our ‘Spotlight’ article points to an earnings growth freefall setting in from the very beginning of 2017.
 

Read the full article on the Resolution Foundation website here