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Latest pay deals

2.0% pay increase in the three months to July

The median increase in pay in the three months to July was 2.0% - the increase on the lowest pay rate was also 2.0%.

The median increase this payround (August-July) is also 2.0%.

Figures for August 2016 are due to be published on 13 September 2016.
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Average earnings

Growth up to 2.2% in June

In the year to June 2016, earnings growth for the whole economy (excluding bonuses) was up to 2.2% from the revised rise for May of 2.0%.

According to the Average Weekly Earnings data published by the Office for National Statistics, growth in the headline rate (the latest three-month average) for regular pay, excluding bonuses, was up to 2.3% in June from 2.2% for the previous month.

Headline average earnings growth in manufacturing was up to 2.4% from 2.2%, but growth in services was unchanged at 1.9%.

In the private sector as a whole, the growth was up to 2.4% from 2.3%. In the public sector, excluding financial services, growth was unchanged at 1.7%.

Figures for July 2016 are due to be published on 14 September 2016.
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Retail prices

RPI inflation rate up to 1.9% in the year to July 2016

In July, the Retail Prices Index (RPI) was up to 263.4 (January 1987=100) and the annual rate of inflation was up to 1.9% from 1.6% the previous month.

Under the Consumer Prices Index (CPI) - the government's preferred measure of inflation the annual inflation rate was up to 0.6% in July from 0.5% the previous month June.

Figures for August 2016 are due to be published on 13 September 2016.
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Unemployment

Unemployment down by 52,000 in the three months to June

UK unemployment under the Labour Force Survey count fell by 52,000 to 1,641,000 in the three-month period April - June 2016, compared with the previous three-month figure (January 2016 - March 2016) of 1,692,000.

The fall in numbers helped cut the unemployment rate to 4.9% from 5.1%

The Office for National Statistic's claimant count total includes people out of work and claiming Jobseeker's Allowance or Universal Credit.

In July 2016, the claimant count under this experimental statistic was 763,600 - an 8,600 fall on the heavily revised upwards total for June 2016 of 772,200.

Nevertheless, the joblessness rate was steady at 2.2%.

Figures for July 2016 (unemployment) and August 2016 (claimant count) are due out on 14 September 2016.
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Retail prices

Retail price inflation down to 2.4%

In March, the Retail Prices Index (RPI) stood at 285.1 (January 1987=100) and the annual rate of inflation dipped to 2.4% from 2.5% the previous two months.

Under the Consumer Prices Index Housing (CPIH), the annual rate of inflation in February was unchanged at 1.8%.

Similarly, the annual rate of inflation under Consumer Prices Index (CPI) was unchanged at 1.9%.

Figures for April 2019 are due to be published on 22 May 2019.

Latest pay deals

2.8% pay increase in the three months to March 2019

The median increase in pay in the three months to March 2019 was 2.8%. The median increase in the lowest pay rate was also 2.8%

Figures for March 2019 are due to be published on 22 May 2019.

Pay deals are calculated from Payline database of over 2,000 pay and conditions settlements. graph of pay settlements and inflation

Average earnings

Sharp dip in growth

In the year to February 2019, average weekly earnings for the whole economy, excluding bonuses, provisionally increased by 3.1% - down from revised increase of 3.7% for January.

Growth in the February headline rate (the latest three-month average) for regular pay, excluding bonuses, was 3.4% against 3.5% for January, according to the Office for National Statistics.

Headline average earnings growth in manufacturing edged up to 2.0% from 1.9%, while for services it was down to 3.5% from 3.6%.

In the private sector as a whole, growth was unchanged at 3.6%.

In the public sector, excluding financial services, growth dipped to 2.6% from 2.9%.

Figures for March 2019 are due to be published on 14 May 2019.


Unemployment

Unemployment down by 27,000

In the three-month period ending February 2019, UK unemployment under the Labour Force Survey count fell by 27,000 to 1,343,000 from 1,370,000 for the previous three-month period ending October 2018.

The fall in numbers was enough to cut the unemployment rate to 3.9% from the previous rate of 4.0%.

The Office for National Statistic's claimant count total includes people out of work and claiming Jobseeker's Allowance or Universal Credit.

In March 2019, under this experimental statistic, the claimant count increased by 28,300 to 1,066,200 from the revised figure for February of 1,037,900.

The joblessness rate was up to 3.0% from 2.9%.
 

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