PAYstats Pay and Labour Market Statistics, May 2019

Latest pay and labour market statistics May 2019:

• The Consumer Prices Index (CPI) 12-month rate was 2.1% in April 2019, up from 1.9% in March 2019.
• The UK employment rate was estimated at 76.1%, higher than for a year earlier (75.6%) and the joint highest figure on record.
• The UK unemployment rate was estimated at 3.8%; it has not been lower since October to December 1974.
• The UK economic inactivity rate was estimated at 20.8%, lower than for a year earlier (21.1%) and close to a record low.
• Total average earnings increased by 2.3% including bonuses and by 2.9% excluding bonuses in the 12 months up to March 2019.