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Latest pay and prices figures. Pay deals are calculated from our database of over 2000 pay and conditions settlements.
Many of these figures are revised, and those for Average Earnings in particular are subject to routine backdated revisions. The ILO unemployment count is a three monthly measure.
| Latest pay deals | |
2.0% in the three months to July 2010
Figures from the LRD Payline database show an overall mid-point increase of 2.0% on lowest basic rates, in the three months to July. This is unchanged on the 2.0% recorded for the three months to June. The mid-point for the three months varied very little by sector. The private sector median was 2.0% but the public sector was 1.7% and the manufacturing median was 2.0% whilst for services it was also 2.0% The median increase for the year to July was also 2.0%. Figures for August are due on 14 September. | ![[spacer]](/images/s8.gif) |
| Average earnings | |
1.7% in the year to June 2010
Average earnings for the whole economy (excluding bonuses) rose by 1.7% in the year to June, up from the revised figure for the year to May of a 1.5% rise. This is based on the new measure from the Office for National Statistics – Average Weekly Earnings which has replaced the Average Earnings Index. The headline rate (latest three-month average) was 1.6%, down from 1.8%. Average earnings in manufacturing rose by 3.5% for the year compared with a revised figure of a 3.1% rise the previous month. In services average earnings rose by 1.7% in the year to June on this measure, compared with a 1.6% rise in the year to May. In the year to June the public sector saw increases averaging 2.7%% on this measure (1.5% excluding financial services) but in the private sector average earnings rose by only 1.2%. Figures for July are due on 15 September. | |
| Retail prices | |
4.8% in the year to July 2010
In July the Retail Prices Index (RPI) stood at 223.6 (January 1987=100). The annual rate of inflation (the headline rate) was 4.8% - down from the 5.0% figure for the year to June. The underlying inflation rate, excluding mortgage interest payments (RPIX), was also 4.8%, also down from 5.0% in June. The Consumer Prices Index (CPI) is the government's choice as the main measure of inflation. It was also down slightly at 3.1% from 3.2% for the year to June. Figures for August are due on 14 September. | |
| Unemployment | |
2,457,000 in three months to June
Under the government's preferred measure - the International Labour Organisation (ILO) count - UK unemployment fell by 49,000 to 2,457,000 in the three months to June compared with the previous three-month period (January-March). The unemployment rate was 7.8%. The number of people out of work and claiming benefit also fell slightly by 3,800 in July to 1,461,200 - a rate of 4.5%. There were 1,040,900 unemployed men claiming Jobseeker's Allowance (5.9%) and 420,300 women (2.8%). Figures for July (unemployment) and August (claimant count) are due on 15 September. | |
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