Highest number of days lost due to strike action in 2022, in years!
Recent industrial action has led to the highest number of days lost to strikes since November 2011, and this is set to rise in the coming months as labour disputes over falling real wages continue. This prediction comes from the Resolution Foundation following its consideration of the latest labour market report from the Office for National Statistics (ONS).
The largest strike action in a decade has led to 417,000 days of work being lost in the latter part of 2022. Strike action looks set to continue over the coming months, as the Trade Unions strengthen their resolve to achieve more significant pay offers than have been put on the table during negotiations thus far.
In cash terms, public sector pay has grown by the equivalent of 3.8% a year since the eve of the pandemic, compared to 5.2% in the private sector.
The pressure for strikes will remain as the labour market remains tight, with vacancies remaining near record highs despite five quarters of continuous falls. Other labour market quantities remained broadly flat on the month, with unemployment and employment rates remaining largely unchanged, while inactivity due to long-term sickness fell slightly.
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