PAYstats Pay and Labour Market Statistics, June 2023

Latest pay and labour market statistics June 2023:

• The Consumer Prices Index including owner occupiers' housing costs (CPIH) rose by 7.9% in the 12 months to May 2023, up from 7.8% in April.
• The Consumer Prices Index (CPI) rose by 8.7% in the 12 months to May 2023, unchanged from April.
• The UK employment rate was estimated at 76.0% in February to April 2023, 0.2 percentage points higher than November 2022 to January 2023.
• The unemployment rate for February to April 2023 increased by 0.1 percentage points on the quarter to 3.8%.
• In March to May 2023, the estimated number of vacancies fell by 79,000 on the quarter to 1,051,000.
• Growth in average total pay (including bonuses) was 6.5% and growth in regular pay (excluding bonuses) was 7.2% among employees in February to April 2023.