Quarterly PAYstats Pay and Labour Market Statistics, April 2023

Latest pay and labour market statistics April 2023:

• The Consumer Prices Index including owner occupiers’ housing costs (CPIH) rose by 8.9% in the 12 months to March 2023, down from 9.2% in February.
• The Consumer Prices Index (CPI) rose by 10.1% in the 12 months to March 2023, down from 10.4% in February.
• The UK employment rate was estimated at 75.8% in December 2022 to February 2023, 0.2 percentage points higher than September to November 2022.
• The unemployment rate for December 2022 to February 2023 increased by 0.1 percentage points on the quarter to 3.8%.
• In January to March 2023, the estimated number of vacancies fell by 47,000 on the quarter to 1,105,000.
• Growth in average total pay (including bonuses) was 5.9% and growth in regular pay (excluding bonuses) was 6.6% among employees in December 2022 to February 2023.