Labour Market Outlook· Labour market· Pay Earnings Outlook Q3 2019 27 December 2019 Nye Cominetti Jack Leslie Unlike our politics, 2019 was a year of strength and stability in the labour market – a year when employment reached and stayed at record highs and pay growth neared pre-recession levels. The most recent set of labour market data (for the three months to October) underlined this – the 16-64 employment rate ticked up to a new record high of 76.2 per cent, while annual growth in real weekly pay (excluding bonuses) remained at a reasonably healthy 1.8 per cent. View all Earnings Outlooks.
