26 September 2026
The unemployment rate for the three months to May remained steady at 4.9%, though there is evidence of softness in the labour market – with employers seemingly neither hiring or firing and a rise in e
The unemployment rate for the three months to June remained at 4.9%, with NIESR expecting the level to remain stable in coming months. However, hiring demand remains weak and vacancies continue to decline, but firms are retaining current employees. Higher than expected growth in the economy in July suggests enough pressure to retain employment while not leading to rising wage growth.
NIESR’s Wage Tracker shows that average earnings edged down to 3.9% to July, with private sector wages expected to fall from 3.2% to 2.8%, while public sector pay remains stable at 6.3%.
The inflation tracker showed CPI inflation rising from 2.9% in July to 3.1% in August. However, NIESR estimates the underlying inflationary momentum is stronger than the headline figures suggest, driven in part by record fuel prices.
Read the latest Wage Tracker and Inflation Tracker from NIESR.
NIESR’s Wage Tracker shows that average earnings edged down to 3.9% to July, with private sector wages expected to fall from 3.2% to 2.8%, while public sector pay remains stable at 6.3%.
The inflation tracker showed CPI inflation rising from 2.9% in July to 3.1% in August. However, NIESR estimates the underlying inflationary momentum is stronger than the headline figures suggest, driven in part by record fuel prices.
Read the latest Wage Tracker and Inflation Tracker from NIESR.
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26 September 2026