Earnings And Employment From Pay As You Earn Real Time Information, Uk: June 2022

16th June 2022

Early estimates for May 2022 indicate that the number of payrolled employees rose by 3.9% compared with May 2021, a rise of 1,118,000 employees; the number of payrolled employees was up by 2.2% since February 2020, a rise of 627,000.

Payrolled employment increased by 90,000 employees (0.3%) in May 2022 when compared with April 2022, though this should be treated as a provisional estimate and is likely to be revised when more data is received next month.

UK payrolled employee growth for April 2022 compared with March 2022 has been revised from an increase of 121,000 reported in the last bulletin to an increase of 107,000, because of the incorporation of additional real time information (RTI) submissions into the statistics, which takes place every publication and reduces the need for imputation.

Early estimates for May 2022 indicate that median monthly pay increased by 5.4% compared with May 2021 and increased by 11.7% when compared with February 2020.

All age groups saw an increase in payrolled employees between May 2021 and May 2022; there was an increase of 520,000 payrolled employees aged under 25 years.

For Nomenclature of Territorial Units for Statistics (NUTS) 3 regions, annual growth in payrolled employees in May 2022 was the highest in Tower Hamlets, with a rise of 11.2%, and was lowest in Warrington, with a rise of 1.3%; at local administrative unit level, growth rates vary between positive 0.8% and positive 11.2%.

The increase in payrolled employees between May 2021 and May 2022 was largest in the accommodation and food service activities sector (a rise of 289,000 employees) and smallest in the construction sector (a rise of 2,000).

Annual growth in median pay for employees in May 2022 was highest in the wholesale and retail sector (an increase of 7.8%), and lowest in the arts and entertainment sector (an increase of 0.1%).

Annual growth rates for May 2022 are compared with May 2021, and so the reduction in employees and median pay seen following the beginning of the coronavirus (COVID-19) pandemic is no longer contributing to the annual growth rate. Annual growth rates are now compared with this lower baseline.

See the full report at -
https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/earningsandworkinghours/bulletins/earningsandemploymentfrompayasyouearnrealtimeinformationuk/june2022