Industrial Relations in the United Kingdom

DOIhttp://doi.org/10.1111/j.1467-8543.1967.tb00523.x
Date01 November 1967
Published date01 November 1967
Chronicle
Industrial Relations in the United Kingdom
May
-
August
1967
DEFLATIONARY
measures and the policy
of
restraint in prices and incomes con-
tinued to have a noticeable effect on unemployment and wage rates. The under-
lying trend
of
unemployment continued to rise despite the usual seasonal fall in
the actual numbers
of
unemployed. The July and August totals were the highest
since 1940 and throughout the period the percentage unemployed was about
2.2,
approximately one per cent higher than at the same time last year.*
Month Number unemployed
(000)
Percent
ummploycd
1967 I966 I967 1966
April 567.4 307.5 2-4
1
-3
541.4 208.3 2.3
1
a2
1.1
497.1 264.2
2.1
1.1
1.3
May
June 499.8 261.1
2.1
July
.4ugust 555.1 317.0
2
-4
Weekly and hourly wage rates rose substantially during July compared with
a virtually negligible rise in previous months, largely because July was the
fist
month after a year
of
freeze and severe restraint. Normal weekly hours fell
slightly in June and July from the stable 91.0 figure that had been maintained
for the previous nine months.
Indices
of
weekly and hourly wage rates and normal weekly hours
(3
1
January 1956
=
100)
Month
Weekly Wage Rates Hourly
Wage
Rates Normal Weekly
Hours
1967 1966 1967 1966 1967 1966
April 156.5 152.9 172.1 167-7 91.0 91.1
157.4 152-9 173.1 167-8 90.9 91.1
157.5 153.6 173-2 168.7 90.9 91.1
May
June
July 160.0 154.5 176.3 169.7 90.8 91.0
The index of average weekly earnings for employees in all industries and
services apparently fell in May, as in the previous year, but then showed an
even sharper rise in June and July.
Index of average earnings of all employees
(seasonally adjusted, January 1966
=
100)
Month
I967 I966
April 104.9 102.7
104-2 102-4
105.3 103.1 June
July 106.9 (prov.) 103.4
*
The
figures
presented in this section
are
obtained
from
the
Ministry
of
Labour
survey;
unfortunateiy
most
of
the August totals
were
not available at
the
time the Chronicle went
to
F.
399
May

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT