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Inflation

0.4%

February 2021

Employment

32.4M

down 1.9% on last year

Unemployment

1.7M

up 26.8% on last year

Redundancies

308K

up 190.3% 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 March 2021(pdf)

Latest pay and labour market statistics March 2021:

  • The Consumer Prices Index (CPI) rose by 0.4% in the 12 months to February 2021, down from 0.7% to January 2021.
  • The Consumer Prices Index including owner occupiers’ housing costs (CPIH) rose by 0.7% in the 12 months to February 2021, down from 0.9% to January.
  • The UK employment rate, in the three months to January 2021, was estimated at 75.0%, 1.5 percentage points lower than a year earlier and 0.3 percentage points lower than the previous quarter.
  • The UK unemployment rate, in the three months to January 2021, was estimated at 5.0%, 1.1 percentage points higher than a year earlier and 0.1 percentage points higher than the previous quarter.
  • The redundancy rate, in the three months to January 2021, was estimated at 11.0 people per thousand employees.
  • There were an estimated 601,000 vacancies in the UK in December 2020 to February 2021; this is 220,000 fewer than a year ago and the rate of increase in vacancies has slowed strongly in recent months.
  • Year on year, growth in total pay (including bonuses) increased 4.4%, and growth in regular pay (excluding bonuses) also increased 4.1%.

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