Speak to an expert +44(0)1733 391377

Toggle Sidebar

Inflation

0.8%

April 2020

Employment

33.1M

up 1.4% on last year

Unemployment

1.3M

up 3.8% on last year

Avg. Earnings

2.4%

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 May 2020(pdf)

Latest pay and labour market statistics May 2020:

  • The Consumer Prices Index including owner occupiers’ housing costs (CPIH) 12-month inflation rate was 0.9% in April 2020, down from 1.5% in March 2020.
  • The Consumer Prices Index (CPI) 12-month rate was 0.8% in April 2020, down from 1.5% in March.
  • The UK employment rate in the three months to March 2020 was estimated at a joint-record high of 76.6%, 0.6 percentage points higher than a year earlier and 0.2 percentage points up on the previous quarter.
  • The UK unemployment rate for the three months to March 2020 was estimated at 3.9%, 0.1 percentage points higher than a year earlier and 0.1 percentage points higher than the previous quarter.
  • Estimated annual growth in average weekly earnings for employees in Great Britain in the 12 months to March 2020 was 1.5% for total pay (including bonuses) and 2.4% regular pay (excluding bonuses).
  • In real terms (after adjusting for inflation), annual earnings growth was estimated to be 0.7% in total pay and 1.0% in regular pay, in the three months to March 2020, both down from a recent peak of 2.0% in the three months to June 2019.
  • There were an estimated 637,000 vacancies in the UK in February to April 2020; this is 170,000 fewer than the previous quarter and 210,000 fewer than a year earlier.

Related Articles

Read More
Equal Pay

How can HR prepare for post-lockdown priorities?

HR professionals are busier than ever trying to access the Coronavirus Retention Scheme and identify...

Explore
Read More
Research, Insights and Publications

The power of disruptive HR during a pandemic

The speed and scale of disruptions to HR over the years has been increasing, transforming the tradit...

Explore

Stay up to date

Sign up for briefings on pay benchmarking, salary surveys, reward strategy and statistical updates.

sign up for updates

© Paydata Ltd 2020 All rights reserved.
Registered in England no: 3632206
VAT no: 728 0808 28

Paydata Ltd, 24 Commerce Road, Lynch Wood, Peterborough, Cambridgeshire, PE2 6LR