Home Knowledge Hub Reports & Publications PAYstats Pay and Labour Market Statistics PAYstats Pay and Labour Market Statistics, March 2025

Latest research statistics

Inflation

2.8%

February 2025

Employment

33.9M

up 1.8% on last year

Unemployment

1.55M

up 9.3% on last year

Redundancies

816K

down 10.7% on last year

Latest pay and labour market statistics March 2025:

  • The Consumer Prices Index including owner occupiers' housing costs (CPIH) rose by 3.7% in the 12 months to February 2025, down from 3.9% in the 12 months to January.
  • The Consumer Prices Index (CPI) rose by 2.8% in the 12 months to February 2025, down from 3.0% in the 12 months to January.
  • The UK employment rate for people aged 16 to 64 years was estimated at 75.0% in November 2024 to January 2025.
  • The UK unemployment rate for people aged 16 years and over was estimated at 4.4% in November 2024 to January 2025.
  • The estimated number of vacancies in the UK in December 2024 to February 2025 was 816,000.
  • Annual growth in employees' average regular earnings excluding bonuses in Great Britain was 6.1% in January 2025, and annual growth in total earnings including bonuses was 5.6%.

PAYstats Pay and Labour Market Statistics March 2025

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