PAYstats Pay and Labour Market Statistics, March 2017

Latest pay and labour statistics:

• The Consumer Prices Index including owner occupiers’ housing costs 12-month inflation rate was 2.3 per cent in February 2017, up from 1.9 per cent in January.
• The employment rate (the proportion of people aged from 16 to 64 who were in work) was 74.6 per cent, the joint highest since comparable records began in 1971.
• Total average earnings year on year increased by 1.7 per cent including bonuses and by 1.9 per cent excluding bonuses, in December 2016.