Quarterly PAYstats pay and labour market statistics April 2018

Latest pay and labour market statistics April 2018:

• The Consumer Prices Index (CPI) 12-month rate was 2.5 per cent in March 2018, down from 2.7 per cent in February 2018;
• The employment rate (the proportion of people aged from 16 to 64 years who were in work) was 75.4 per cent, higher than for a year earlier (74.6 per cent) and the highest since comparable records began in 1971;
• Total average earnings increased by 2.9 per cent including bonuses and increased by 2.3 per cent excluding bonuses in the 12 months up to November 2017; and,
• The National Minimum Wage rate increased this April by:
  • People aged 25 and older - £7.50 to £7.83
  • People aged 21 to 24 - £7.05 to £7.38
  • People aged 18 to 20 - £5.60 to £5.90
  • People aged under 18 - £4.05 to £4.29
  • Apprentices - £3.50 to £3.70