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Inflation

1.8%

January 2020

Employment

32.9M

up 1.0% on last year

Unemployment

1.29M

down 5.4% on last year

Avg. Earnings

3.2%

Change since last 12m

Download the latest PAYstats below

PAYstats is a monthly publication that gives you details of national pay and labour market statistics.

Download PAYstats February 2020(pdf)

Latest pay and labour market statistics February 2020:

  • The Consumer Prices Index including owner occupiers’ housing costs (CPIH) 12-month inflation rate was 1.8% in January 2020, increasing from 1.4% in December 2019.
  • The Consumer Prices Index (CPI) 12-month rate was 1.8% in January 2020, increasing from 1.3% in December 2019.
  • The UK unemployment rate was estimated at 3.8%, 0.2 percentage points lower than a year earlier and 0.1 percentage points lower than the previous quarter.
  • The UK economic inactivity rate was estimated at a record low of 20.5%, 0.4 percentage points lower than the previous year and 0.3 percentage points lower than the previous quarter.
  • Estimated annual growth in average weekly earnings for employees in Great Britain slowed to 2.9% from 3.2% last month for total pay (including bonuses) and to 3.2% from 3.4% for regular pay (excluding bonuses).
  • In real terms (after adjusting for inflation), annual growth in total pay is estimated to be 1.4% and annual growth in regular pay is estimated to be 1.8%.

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