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Unemployment Rises But Average Pay Increased

23rd February 2021

From the Office for National Statistics today 23 February 2021.

The number of payrolled employees in the UK in December 2020 fell by 2.7% compared with the same period of the previous year.

Early estimates for January 2021 indicate that the number of payrolled employees fell by 2.5% compared with January 2020, which is a fall of 730,000 employees.

In January 2021, 726,000 fewer people were in payrolled employment when compared with February 2020.

In January 2021, 83,000 more people were in payrolled employment when compared with December 2020.

Median monthly pay increased by 5.0% in December 2020 compared with the same period of the previous year.

Early estimates for January 2021 indicate that median monthly pay increased by 4.0% compared with the same period of the previous year.

Of the 726,000 decrease in payrolled employees between February 2020 and January 2021, 425,000 (58.5%) were younger than 25.

Annual growth in payrolled employees in January 2021 was the highest in Cornwall and Isles of Scilly (a fall of 0.4%) and lowest in Inner London (East) (a fall of 6.1%).

Annual growth in median pay for employees in January 2021 was highest in Wales (an increase of 5.2%) and lowest in the South East (an increase of 3.4%).

Annual pay growth in the UK for employees was highest at the 10th percentile (positive 7.6%) and lowest at the 75th percentile (positive 4.2%) in the three months to December 2020, for the percentiles we have analysed.

The increase in payrolled employees between February 2020 and January 2021 was largest in the health and social work sector (a rise of 104,000 employees) and smallest in the accommodation and food services sector (a fall of 345,000).

Annual growth in median pay for employees in January 2021 was highest in the health and social work sector (an increase of 6.2%) and lowest in the accommodation and food services sector (a decrease of 6.7%).

In December 2020, 28.2 million people were payrolled employees. This represents a 2.7% fall in payrolled employees when compared with the same period of the previous year. When comparing the number of payrolled employees in December 2020 with the previous month, the number increased by 0.3%. This is a small revision from the early estimate of a 0.2% increase, reported in the previous bulletin.

Early estimates for January 2021 indicate that there were 28.3 million payrolled employees, a fall of 2.5% compared with the same period of the previous year and a decline of 730,000 people over the 12-month period. Compared with the previous month, the number of payrolled employees increased by 0.3% in January 2021 - equivalent to 83,000 people.

Median monthly pay for payrolled employees in December 2020 was £1,931 (Figure 3). This represents a 5.0% increase compared with the same period of the previous year. This is a small revision to the early estimate of a 4.9% increase reported in the previous bulletin.

Early estimates for January 2021 indicate that median monthly pay decreased to £1,923, an increase of 4.0% compared with the same period of the previous year.

London and Northern Ireland experienced higher growth than the UK average between January 2017 and early 2020, while the North East and Scotland experienced lower growth than the UK overall. Going further, since January 2019 Inner London (both West and East) experienced greater volatility in employee growth than both Outer London and the UK average. Employee growth rates for NUTS2 regions are available in the datasets published alongside this bulletin.

Since February 2020, all regions' growth rates followed a similar pattern: rapidly declining and becoming negative in April, and continuing a slower downward trend since. However, the magnitude of changes varies. Comparing January 2021 with the same period of the previous year for NUTS1 regions, decreases in payrolled employees ranged from 0.8% in Northern Ireland to 5.2% in London. Examining NUTS2 regions, Inner London generally experienced sharper decreases in 2020 than Outer London (Figure 8). North Eastern Scotland experienced a decrease of 5.3% in payrolled employees in comparison with January 2020, and Cornwall and Isles of Scilly experienced a decrease of 0.4%.

For much more data go to

https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/earningsandworkinghours/bulletins/earningsandemploymentfrompayasyouearnrealtimeinformationuk/february2021