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Inflation

1.7%

February 2020

Employment

33.0M

up 0.8% on last year

Unemployment

1.3M

up 0.4% on last year

Avg. Earnings

2.8%

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 March 2020(pdf)

Latest pay and labour market statistics March 2020:

  • The Consumer Prices Index including owner occupiers’ housing costs (CPIH) 12-month inflation rate was 1.7% in February 2020, down from 1.8% in January 2020.
  • The Consumer Prices Index (CPI) 12-month rate was 1.7% in February 2020, down from 1.8% in January.
  • The UK employment rate in the three months to January 2020 was estimated at a joint record high of 76.5%, 0.4 percentage points higher than a year earlier and 0.3 percentage points up on the previous quarter.
  • The UK unemployment rate in the three months to January 2020 was estimated at 3.9%, largely unchanged compared with a year earlier and 0.2 percentage points higher than the previous quarter.
  • Estimated annual growth in average weekly earnings for employees in Great Britain in the three months to January 2020 was 3.1% for both total pay (including bonuses) and regular pay (excluding bonuses).
  • In real terms (after adjusting for inflation), annual growth in both total pay and regular pay is estimated to be 1.5% in the three months to January 2020, down from a recent peak of 2.0% in the three months to June 2019.

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