Updated
Updated · Office for National Statistics · Jul 20
UK Payrolls Fall 71,000 to 30.3 Million as Median Pay Rises 4.3%
Updated
Updated · Office for National Statistics · Jul 20

UK Payrolls Fall 71,000 to 30.3 Million as Median Pay Rises 4.3%

1 articles · Updated · Office for National Statistics · Jul 20

Summary

  • June early estimates showed 30.3 million UK payrolled employees, down 71,000 from a year earlier and 4,000 from May, leaving payrolls broadly flat month on month.
  • Median monthly pay rose 4.3% year on year to £2,632, extending wage growth even as employment continued to weaken.
  • Health and social work added 39,000 employees and posted the fastest pay growth at 6.2%, while accommodation and food services lost 79,000 jobs and remained the lowest-paid sector at £1,432.
  • Regional payroll growth was negative across all UK regions except Northern Ireland, which rose 1.4%; London saw the steepest NUTS1 decline at 0.8%.
  • The June figures are provisional, based on about 85% of returns, and are likely to be revised next month when data coverage rises to 98%-99%.

Insights

Why is pay rising while jobs are disappearing, and what does this mean for the average UK household?
Are we witnessing a permanent, policy-driven shift in the UK's economic identity away from services like hospitality?
As older workers replace the young, is the UK's economy trading future dynamism for present experience?