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Inflation

8.7%

May 2023

Employment

32M

up 1.2% on last year

Unemployment

1.3M

up 0.4% on last year

Vacancies

1.05M

down 19.2% on last year

Download the latest PAYstats below

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

Download PAYstats June 2023(pdf)

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.

 


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