Speak to an expert +44(0)1733 391377

Toggle Sidebar

Inflation

0.7%

March 2021

Employment

32.4M

down 1.9% on last year

Unemployment

1.7M

up 22.8% on last year

Redundancies

204K

up 91.6% 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 Quarterly PAYstats April 2021(pdf)

Latest pay and labour market statistics April 2021:

  • The Consumer Prices Index including owner occupiers’ housing costs (CPIH) rose by 1.0% in the 12 months to March 2021, up from 0.7% to February.
  • The Consumer Prices Index (CPI) rose by 0.7% in the 12 months to March 2021, up from 0.4% to February 2021.
  • 56,000 fewer people were in payrolled employment in March 2021 when compared with February 2021.
  • The UK employment rate was estimated at 75.1%, 1.4 percentage points lower than a year earlier and 0.1 percentage points lower than the previous quarter.
  • The UK unemployment rate was estimated at 4.9%, 0.9 percentage points higher than a year earlier but 0.1 percentage points lower than the previous quarter.
  • The UK economic inactivity rate was estimated at 20.9%, 0.7 percentage points higher than a year earlier and 0.2 percentage points higher than the previous quarter.
  • The total number of weekly hours worked was 959.9 million, down 92.3 million hours on the same period the previous year and down 20.1 million hours compared with the previous quarter.
  • There were an estimated 607,000 job vacancies in January to March 2021, which is a 22.7% fall compared with a year ago.
  • Growth in average total pay (including bonuses) among employees for the three months December 2020 to February 2021 was 4.5%, and growth in regular pay (excluding bonuses) was 4.4%; it is estimated that by removing the compositional effect, the underlying wage growth is around 2.5% for total and regular pay.

Related Articles

Read More
Research, Insights and Publications

At a glance: the fundamentals of reward

Your approach to reward is crucial when it comes to retaining talented individuals and driving perfo...

Explore
Read More
Pay Review and Analysis

5 ways software can help you harness the power of your data

The government has unveiled Ten Tech Priorities to power the UK’s recovery from the Covid-19 pande...

Explore
Read More
Mental Health and Financial Wellbeing

How benefits can boost wellbeing

11.4 million jobs were furloughed as of March 2021 and with announcements of pay freezes and rising ...

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 2021 All rights reserved.
Registered in England no: 3632206
VAT no: 728 0808 28

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