Earnings And Employment From Pay As You Earn Real Time Information, UK: September 2022
13th September 2022
Early estimates for August 2022 indicate that the number of payrolled employees rose by 2.8% compared with August 2021, a rise of 803,000 employees; the number of payrolled employees was up by 2.5% since February 2020, a rise of 718,000.
Payrolled employment increased by 71,000 employees (0.2%) in August 2022 when compared with July 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 July 2022 compared with June 2022 has been revised from an increase of 73,000 reported in the last bulletin to an increase of 77,000, 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 August 2022 indicate that median monthly pay increased by 6.5% compared with August 2021, and increased by 13.7% when compared with February 2020.
All age groups saw an increase in payrolled employees between August 2021 and August 2022; there was an increase of 175,000 payrolled employees aged under 25 years.
For Nomenclature of Territorial Units for Statistics (NUTS) 3 regions, annual growth in payrolled employees in August 2022 was the highest in Tower Hamlets, with a rise of 8.6%, and was lowest in Caithness and Sutherland and Ross and Cromarty, with a rise of 0.8%; at local administrative unit level, growth rates vary between negative 2.7% and positive 13.9%.
The increase in payrolled employees between August 2021 and August 2022 was largest in the education sector (a rise of 133,000 employees) and smallest in the construction sector (a fall of 7,000).
Annual growth in median pay for employees in August 2022 was highest in the finance and insurance sector (an increase of 13.4%), and lowest in the education sector (an increase of 2.1%).
Payrolled employees
Early estimates for August 2022 indicate that there were 29.7 million payrolled employees (Figure 1), a rise of 2.8% compared with the same period of the previous year. This means a rise of 803,000 people over the 12-month period. Compared with the previous month, the number of payrolled employees increased by 0.2% in August 2022, which is equivalent to 71,000 people. The early estimate for August 2022 shows that the annual growth rate has fallen this month, but still shows relatively high growth. This fall in the growth rate will be partially driven by the comparison against the increase in employee numbers from March 2021, the first substantial increase since January 2020.
Note, this monthly growth of 71,000 should be treated as provisional, because it is based on an early estimate of August 2022 employees. More information on revisions can be found in Section 11: Strengths and limitations.
When comparing the number of payrolled employees in July 2022 with the previous month, the number increased by 0.3%. This is revised upwards from the early estimate of a 0.2% increase, reported in our previous bulletin, Earnings and employment from Pay As You Earn Real Time Information, UK: August 2022.
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