Quarterly PAYstats Pay and Labour Market Statistics, July 2019

Latest pay and labour market statistics July 2019:

• The Consumer Prices Index including owner occupiers’ housing costs (CPIH) 12-month inflation rate was 1.9% in June 2019, unchanged from May 2019.
• The Consumer Prices Index (CPI) 12-month rate was 2.0% in June 2019, unchanged from May 2019.
• The UK employment rate was estimated at 76.0%, higher than a year earlier (75.6%); on the quarter, the rate was 0.1 percentage points lower, the first quarterly decrease since June to August 2018.
• The UK unemployment rate was estimated at 3.8%; it has not been lower since October to December 1974.
• Estimated annual growth in average weekly earnings for employees in Great Britain increased to 3.4% for total pay (including bonuses) and 3.6% for regular pay (excluding bonuses).
• In real terms (after adjusting for inflation), total pay is estimated to have increased by 1.4% compared with a year earlier, and regular pay is estimated to have increased by 1.7%.