PAYstats Pay and Labour Market Statistics, February 2017

PAYstats Pay and Labour Market Statistics, February 2017February 2017 PAYstats - pay and labour market statistics, containing a summary of what's happening in terms of inflation, employment and average earnings.

Latest pay and labour statistics:

  • The Consumer Prices Index (CPI) rose by 1.8 per cent in the year to January 2017, compared with a 1.6 per cent rise in the year to December 2016. The rate in January 2017 was the highest since June 2014,
  • The employment rate (the proportion of people aged from 16 to 64 who were in work) was 74.6 per cent, the highest since comparable records began in 1971,
  • Total average earnings year on year increased by 1.9 per cent including bonuses and by 2.4 per cent excluding bonuses, in December 2016; and,
  • The National Minimum Wage rate is set to increase this April by:
    • People aged 25 and older - £7.20 to £7.50
    • People aged 21 to 24 - £6.95 to £7.05
    • People aged 18 to 20 - £5.55 to £5.60
    • People aged under 18 - £4.00 to £4.05
    • Apprentices - £3.40 to £3.50

As well as a useful reference guide covering all the current rates for:

  • National Minimum Wage
  • Statutory, Maternity, Paternity and Adoption Pay
  • Statutory Sick Pay
  • Statutory Redundancy Pay
  • Working Time
PDF icon PAYstats Pay and Labour Market Statistics, February 2017