Quarterly PAYstats pay and labour market statistics July 2016

Quarterly PAYstats pay and labour market statistics July 2016July’s PAYstats is a quarterly edition containing a summary of what's happening in terms of inflation, employment, earnings and pay settlements, alongside the usual pay and labour statistics.

Latest pay and labour statistics:

  • UK consumer prices index (CPI) rose by 0.5 per cent in the year to June 2016, compared with a 0.3 per cent rise in the year to May. The June rate is a little above the position seen for most of 2016, though it is still relatively low historically;
  • Between the 3 months to February 2016 and March to May 2016, the number of people in work increased. The number of unemployed people and the number of people not working and not seeking or available to work (economically inactive) fell; and,
  • Total average earnings increased by 2.1 per cent including bonuses and excluding bonuses in the 12 months up to May 2016.

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

  • National Minimum Wage
  • Living Wage
  • Statutory, Maternity, Paternity and Adoption Pay
  • Statutory Sick Pay
  • Statutory Redundancy Pay
  • Working Time

Pay settlements July 2016

Latest market trends from our pay settlements database, for pay reviews actioned to date in 2016:

  • Median pay settlements, across all industries has dropped slightly from 2.25 per cent in June to 2.20 per cent;
  • Median pay awards are highest in the Construction and the Civil Engineering and Building sectors; closely followed by the IT and Telecommunications, and the Hotels, Restaurants and Catering sectors. 
  • Four companies have reported a pay freeze.

 

PDF icon Quarterly PAYstats pay and labour market statistics July 2016