PAYstats Pay and Labour Market Statistics, December 2019

Latest pay and labour market statistics December 2019:

• The Consumer Prices Index including owner occupiers’ housing costs (CPIH) 12-month inflation rate was 1.5% in November 2019, unchanged from October 2019.
• The Consumer Prices Index (CPI) 12-month rate was 1.5% in November 2019, unchanged from October 2019.
• The UK employment rate was estimated at 76.2%, 0.4 percentage points higher than a year earlier but little changed on the previous quarter.
• The UK unemployment rate was estimated at 3.8%, 0.3 percentage points lower than a year earlier but largely unchanged on the previous quarter.
• Estimated annual growth in average weekly earnings for employees in Great Britain slowed to 2.4% for total pay (including bonuses) and 3.2% for regular pay (excluding bonuses).
• In real terms (after adjusting for inflation), annual growth in total pay is estimated to be 1.5%, and annual growth in regular pay is estimated to be 1.8%.