{"id":212484,"date":"2022-07-19T08:00:53","date_gmt":"2022-07-19T07:00:53","guid":{"rendered":"https:\/\/www.theindustry.fashion\/?p=212484"},"modified":"2022-07-19T19:05:33","modified_gmt":"2022-07-19T18:05:33","slug":"workers-see-wages-lag-behind-inflation-at-20-year-low","status":"publish","type":"post","link":"https:\/\/www.theindustry.fashion\/workers-see-wages-lag-behind-inflation-at-20-year-low\/","title":{"rendered":"Workers see wages lag behind inflation at 20-year low"},"content":{"rendered":"<p><strong>UK workers saw their pay packets continue to lag heavily behind inflation despite a slight rise in earnings, according to <a href=\"https:\/\/www.ons.gov.uk\/\">The Office for National Statistics<\/a> (ONS).<\/strong><!--more--><\/p>\n<p>The ONS revealed that regular wages excluding bonuses plunged by 3.7% over the three months to May against the rate of consumer price index (CPI) inflation, representing the biggest slump in more than 20 years.<\/p>\n<p>Regular pay, excluding bonuses, rose slightly to 4.3% for the period without taking inflation into account. It comes after CPI inflation hit a 40-year record of 9.1% in May and is expected to reach as high as 11% later this year.<\/p>\n<p>The ONS added that total pay including bonuses lifted by 6.2% for the three-month period, as workers in the financial sector drove a rise in bonuses.<\/p>\n<p>Pressure on wages came as official figures showed that the number of UK workers on payrolls rose by 31,000 between May and June to 29.6 million.<\/p>\n<p>Meanwhile, the rate of unemployment decreased to 3.8% for the three-month period. Unemployment fell as job vacancies also continued to increase, with major staff shortages in industries such as hospitality and retail.<\/p>\n<p>There were 1,294,000 job vacancies over the three months to June, representing a 6,900 rise on the previous quarter.<\/p>\n<p>David Freeman, ONS Head of Labour Market and Household Statistics, said: \u201cToday\u2019s figures continue to suggest a mixed picture for the labour market. The number of people in employment remains below pre-pandemic levels and, while the number of people neither working nor looking for a job is now falling, it remains well up on where it was before COVID-19 struck.<\/p>\n<p>\u201cWith demand for labour clearly still very high, unemployment fell again, employment rose and there was another record low for redundancies. Following recent increases in inflation, pay is now clearly falling in real terms, both including and excluding bonuses.\u201d<\/p>\n<p>Chancellor Nadhim Zahawi said: \u201cI am acutely aware that rising prices are affecting how far people\u2019s hard-earned income goes, so we are providing help for households through cash grants and tax cuts.<\/p>\n<p>\u201cWe\u2019re working alongside the Bank of England to bear down on inflation, providing support worth \u00a337 billion this financial year for the cost of living, and investing in skills to help people get into work and progress.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p> [&hellip;]<\/p>\n","protected":false},"author":49,"featured_media":212488,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[6,10494],"tags":[11222,16840,14175,12649,35,10786,23544],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Workers see wages lag behind inflation at 20-year low - TheIndustry.fashion<\/title>\n<meta name=\"description\" content=\"UK workers saw their pay packets continue to lag heavily behind inflation despite a slight rise in earnings, according to The Office for National\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.theindustry.fashion\/workers-see-wages-lag-behind-inflation-at-20-year-low\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Workers see wages lag behind inflation at 20-year low - TheIndustry.fashion\" \/>\n<meta property=\"og:description\" content=\"UK workers saw their pay packets continue to lag heavily behind inflation despite a slight rise in earnings, according to The Office for National\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.theindustry.fashion\/workers-see-wages-lag-behind-inflation-at-20-year-low\/\" \/>\n<meta property=\"og:site_name\" content=\"TheIndustry.fashion\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/theindustryfashion\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-19T07:00:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-07-19T18:05:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.theindustry.fashion\/wp-content\/uploads\/2022\/07\/ONSimage604.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tom Shearsmith\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@theindustryfash\" \/>\n<meta name=\"twitter:site\" content=\"@theindustryfash\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tom Shearsmith\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.theindustry.fashion\/workers-see-wages-lag-behind-inflation-at-20-year-low\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.theindustry.fashion\/workers-see-wages-lag-behind-inflation-at-20-year-low\/\"},\"author\":{\"name\":\"Tom Shearsmith\",\"@id\":\"https:\/\/www.theindustry.fashion\/#\/schema\/person\/0ef585178e99d23ac0b525337547c9be\"},\"headline\":\"Workers see wages lag behind inflation at 20-year low\",\"datePublished\":\"2022-07-19T07:00:53+00:00\",\"dateModified\":\"2022-07-19T18:05:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.theindustry.fashion\/workers-see-wages-lag-behind-inflation-at-20-year-low\/\"},\"wordCount\":373,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.theindustry.fashion\/#organization\"},\"keywords\":[\"Finance\",\"Nadhim Zahawi\",\"Office for National Statistics\",\"ONS\",\"Retail\",\"staff\",\"wages\"],\"articleSection\":{\"1\":\"News &amp; Insight\",\"2\":\"Retail &amp; Etail\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.theindustry.fashion\/workers-see-wages-lag-behind-inflation-at-20-year-low\/#respond\"]}],\"copyrightYear\":\"2022\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.theindustry.fashion\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.theindustry.fashion\/workers-see-wages-lag-behind-inflation-at-20-year-low\/\",\"url\":\"https:\/\/www.theindustry.fashion\/workers-see-wages-lag-behind-inflation-at-20-year-low\/\",\"name\":\"Workers see wages lag behind inflation at 20-year low - TheIndustry.fashion\",\"isPartOf\":{\"@id\":\"https:\/\/www.theindustry.fashion\/#website\"},\"datePublished\":\"2022-07-19T07:00:53+00:00\",\"dateModified\":\"2022-07-19T18:05:33+00:00\",\"description\":\"UK workers saw their pay packets continue to lag heavily behind inflation despite a slight rise in earnings, according to The Office for National\",\"breadcrumb\":{\"@id\":\"https:\/\/www.theindustry.fashion\/workers-see-wages-lag-behind-inflation-at-20-year-low\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.theindustry.fashion\/workers-see-wages-lag-behind-inflation-at-20-year-low\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.theindustry.fashion\/workers-see-wages-lag-behind-inflation-at-20-year-low\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.theindustry.fashion\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Workers see wages lag behind inflation at 20-year low\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.theindustry.fashion\/#website\",\"url\":\"https:\/\/www.theindustry.fashion\/\",\"name\":\"TheIndustry.fashion\",\"description\":\"Fashion news, insights, podcasts and events for professionals from across the fashion sector.\",\"publisher\":{\"@id\":\"https:\/\/www.theindustry.fashion\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.theindustry.fashion\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.theindustry.fashion\/#organization\",\"name\":\"TheIndustry.fashion\",\"url\":\"https:\/\/www.theindustry.fashion\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.theindustry.fashion\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.theindustry.fashion\/wp-content\/uploads\/2022\/06\/LOGO.png\",\"contentUrl\":\"https:\/\/www.theindustry.fashion\/wp-content\/uploads\/2022\/06\/LOGO.png\",\"width\":585,\"height\":217,\"caption\":\"TheIndustry.fashion\"},\"image\":{\"@id\":\"https:\/\/www.theindustry.fashion\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/theindustryfashion\/\",\"https:\/\/twitter.com\/theindustryfash\",\"https:\/\/www.instagram.com\/theindustryfashion\/\",\"https:\/\/www.linkedin.com\/company\/10970016\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.theindustry.fashion\/#\/schema\/person\/0ef585178e99d23ac0b525337547c9be\",\"name\":\"Tom Shearsmith\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.theindustry.fashion\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/1993ae8ec37cfdfcf1fe2dc8bb0c7b8a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/1993ae8ec37cfdfcf1fe2dc8bb0c7b8a?s=96&d=mm&r=g\",\"caption\":\"Tom Shearsmith\"},\"description\":\"Tom Shearsmith is the News Editor &amp; Senior Writer at TheIndustry.fashion, joining the company in January 2019. Tom also produces the podcasts for TheIndustry.fashion\",\"sameAs\":[\"http:\/\/www.theindustry.fashion\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Workers see wages lag behind inflation at 20-year low - TheIndustry.fashion","description":"UK workers saw their pay packets continue to lag heavily behind inflation despite a slight rise in earnings, according to The Office for National","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.theindustry.fashion\/workers-see-wages-lag-behind-inflation-at-20-year-low\/","og_locale":"en_GB","og_type":"article","og_title":"Workers see wages lag behind inflation at 20-year low - TheIndustry.fashion","og_description":"UK workers saw their pay packets continue to lag heavily behind inflation despite a slight rise in earnings, according to The Office for National","og_url":"https:\/\/www.theindustry.fashion\/workers-see-wages-lag-behind-inflation-at-20-year-low\/","og_site_name":"TheIndustry.fashion","article_publisher":"https:\/\/www.facebook.com\/theindustryfashion\/","article_published_time":"2022-07-19T07:00:53+00:00","article_modified_time":"2022-07-19T18:05:33+00:00","og_image":[{"width":1920,"height":1080,"url":"https:\/\/www.theindustry.fashion\/wp-content\/uploads\/2022\/07\/ONSimage604.jpg","type":"image\/jpeg"}],"author":"Tom Shearsmith","twitter_card":"summary_large_image","twitter_creator":"@theindustryfash","twitter_site":"@theindustryfash","twitter_misc":{"Written by":"Tom Shearsmith","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.theindustry.fashion\/workers-see-wages-lag-behind-inflation-at-20-year-low\/#article","isPartOf":{"@id":"https:\/\/www.theindustry.fashion\/workers-see-wages-lag-behind-inflation-at-20-year-low\/"},"author":{"name":"Tom Shearsmith","@id":"https:\/\/www.theindustry.fashion\/#\/schema\/person\/0ef585178e99d23ac0b525337547c9be"},"headline":"Workers see wages lag behind inflation at 20-year low","datePublished":"2022-07-19T07:00:53+00:00","dateModified":"2022-07-19T18:05:33+00:00","mainEntityOfPage":{"@id":"https:\/\/www.theindustry.fashion\/workers-see-wages-lag-behind-inflation-at-20-year-low\/"},"wordCount":373,"commentCount":0,"publisher":{"@id":"https:\/\/www.theindustry.fashion\/#organization"},"keywords":["Finance","Nadhim Zahawi","Office for National Statistics","ONS","Retail","staff","wages"],"articleSection":{"1":"News &amp; Insight","2":"Retail &amp; Etail"},"inLanguage":"en-GB","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.theindustry.fashion\/workers-see-wages-lag-behind-inflation-at-20-year-low\/#respond"]}],"copyrightYear":"2022","copyrightHolder":{"@id":"https:\/\/www.theindustry.fashion\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.theindustry.fashion\/workers-see-wages-lag-behind-inflation-at-20-year-low\/","url":"https:\/\/www.theindustry.fashion\/workers-see-wages-lag-behind-inflation-at-20-year-low\/","name":"Workers see wages lag behind inflation at 20-year low - TheIndustry.fashion","isPartOf":{"@id":"https:\/\/www.theindustry.fashion\/#website"},"datePublished":"2022-07-19T07:00:53+00:00","dateModified":"2022-07-19T18:05:33+00:00","description":"UK workers saw their pay packets continue to lag heavily behind inflation despite a slight rise in earnings, according to The Office for National","breadcrumb":{"@id":"https:\/\/www.theindustry.fashion\/workers-see-wages-lag-behind-inflation-at-20-year-low\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.theindustry.fashion\/workers-see-wages-lag-behind-inflation-at-20-year-low\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.theindustry.fashion\/workers-see-wages-lag-behind-inflation-at-20-year-low\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.theindustry.fashion\/"},{"@type":"ListItem","position":2,"name":"Workers see wages lag behind inflation at 20-year low"}]},{"@type":"WebSite","@id":"https:\/\/www.theindustry.fashion\/#website","url":"https:\/\/www.theindustry.fashion\/","name":"TheIndustry.fashion","description":"Fashion news, insights, podcasts and events for professionals from across the fashion sector.","publisher":{"@id":"https:\/\/www.theindustry.fashion\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.theindustry.fashion\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/www.theindustry.fashion\/#organization","name":"TheIndustry.fashion","url":"https:\/\/www.theindustry.fashion\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.theindustry.fashion\/#\/schema\/logo\/image\/","url":"https:\/\/www.theindustry.fashion\/wp-content\/uploads\/2022\/06\/LOGO.png","contentUrl":"https:\/\/www.theindustry.fashion\/wp-content\/uploads\/2022\/06\/LOGO.png","width":585,"height":217,"caption":"TheIndustry.fashion"},"image":{"@id":"https:\/\/www.theindustry.fashion\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/theindustryfashion\/","https:\/\/twitter.com\/theindustryfash","https:\/\/www.instagram.com\/theindustryfashion\/","https:\/\/www.linkedin.com\/company\/10970016\/"]},{"@type":"Person","@id":"https:\/\/www.theindustry.fashion\/#\/schema\/person\/0ef585178e99d23ac0b525337547c9be","name":"Tom Shearsmith","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.theindustry.fashion\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/1993ae8ec37cfdfcf1fe2dc8bb0c7b8a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/1993ae8ec37cfdfcf1fe2dc8bb0c7b8a?s=96&d=mm&r=g","caption":"Tom Shearsmith"},"description":"Tom Shearsmith is the News Editor &amp; Senior Writer at TheIndustry.fashion, joining the company in January 2019. Tom also produces the podcasts for TheIndustry.fashion","sameAs":["http:\/\/www.theindustry.fashion"]}]}},"_links":{"self":[{"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/posts\/212484"}],"collection":[{"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/users\/49"}],"replies":[{"embeddable":true,"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/comments?post=212484"}],"version-history":[{"count":4,"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/posts\/212484\/revisions"}],"predecessor-version":[{"id":212489,"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/posts\/212484\/revisions\/212489"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/media\/212488"}],"wp:attachment":[{"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/media?parent=212484"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/categories?post=212484"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/tags?post=212484"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}