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

16th August 2022

Experimental monthly estimates of payrolled employees and their pay from HM Revenue and Customs' (HMRC's) Pay As You Earn (PAYE) Real Time Information (RTI) data. This is a joint release between HMRC and the Office for National Statistics (ONS).

Early estimates for July 2022 indicate that the number of payrolled employees rose by 2.9% compared with July 2021, a rise of 847,000 employees; the number of payrolled employees was up by 2.2% since February 2020, a rise of 649,000.

Payrolled employment increased by 73,000 employees (0.2%) in July 2022 when compared with June 2022, though this should be treated as a provisional estimate and is likely to be revised when more data are received next month.

UK payrolled employee growth for June 2022 compared with May 2022 has been revised from an increase of 31,000 reported in the last bulletin to an increase of 48,000, 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 July 2022 indicate that median monthly pay increased by 6.6% compared with July 2021, and increased by 13.4% when compared with February 2020.

All age groups saw an increase in payrolled employees between July 2021 and July 2022; there was an increase of 220,000 payrolled employees aged under 25 years.

For Nomenclature of Territorial Units for Statistics (NUTS) 3 regions, annual growth in payrolled employees in July 2022 was the highest in Tower Hamlets, with a rise of 9.2%, and was lowest in Lochaber, Skye and Lochalsh, Arran and Cumbrae, and Argyll and Bute, with a rise of 1.0%.

The increase in payrolled employees between July 2021 and July 2022 was largest in the accommodation and food service activities sector (a rise of 140,000 employees) and smallest in the construction sector (a fall of 5,000).

This month, NUTS1 regions are further broken down by sectors in the supporting datasets for this bulletin; some sectors show similar growth rates to the region level, while others, such as accommodation and food service activities and transportation and storage, show moderate regional variation.

Annual growth in median pay for employees in July 2022 was highest in the finance and insurance sector (an increase of 8.3%), and lowest in the arts and entertainment sector (an increase of 1.9%).

Read the full report HERE