Labour market statistics show stagnant wage growth

August 14th 2018

Commenting on today’s labour market statistics, Grahame Smith, General Secretary of the STUC said:

“These latest figures show a welcome increase in employment with unemployment and economic inactivity also down across Scotland.

“However, ten years on from the financial crisis, wage growth remains stagnant. Poverty continues to rise, while more and more families are being forced to take on debt to meet basic household bills.

“With Brexit around the corner, Governments at both UK and Scottish levels must focus on shoring up the real economy, prioritising investment that will stay in communities and supporting workers by putting money in their pockets by increasing wages.”

Smith continued:

“Today’s figures for Scotland tell us little about the quality of jobs in our economy. Terms and conditions in Scotland’s labour market remain a serious concern, particularly in sectors such as retail, care and hospitality. We desperately need a clear focus on raising wages, improving the quality of work and ensuring that no one in our community is left behind”

ENDS

Notes:

At a UK level, total pay growth before inflation slowed to 2.4, down from 2.5 in the last quarter. In real terms, pay growth is 0.1% over the last year.

Links:

Headline stats (including Scotland in table 1): https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/employmentandemployeetypes/bulletins/regionallabourmarket/august2018

Scotland excel tables: https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/employmentandemployeetypes/datasets/headlinelabourforcesurveyindicatorsforscotlandhi11

Further comment:

For further comment please contact Helen Martin, STUC Assistant General Secretary, at hmartin@stuc.org.uk or on 0141 337 8103.

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