Latest pay and labour market statistics March 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.