• Private sector regular pay grew by 8.2 per cent in the second quarter– representing the largest growth rate seen outside of the pandemic period - while regular pay in the public sector grew by 6.2 per cent. [...] The number of people reported to be inactive because of long-term sickness increased to a record high from 412,329 in the three months to May to 464,225 in the second quarter of 2023. [...] Private sector regular pay grew by 8.2 per cent in the second quarter– representing the largest growth rate seen outside of the pandemic period - while regular pay in the public sector grew by 6.2 per cent. [...] Further, the latest data collected by XpertHR suggest that the median pay settlement in the year to May was 1.5 percentage points higher in the private sector than the public sector. [...] Given that the private sector makes up around 80 per cent of the UK labour market, it is thus high private-sector wage growth and pay settlements (enabled by the tightness of the labour market) that drove UK wage growth in the second quarter of 2023.
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