Record number of people on payroll

The December 2021 Office of National Statistics (ONS) report:

The data comes from HM Revenue and Customs’ (HMRC’s) Pay As You Earn (PAYE) Real Time Information (RTI) system. Covering the whole working population within PAYE rather than a sample of people or companies. RTI data allows more detailed estimates of the population.

Employment rates increased by 0.2 percentage points on the quarter, to 75.5%. The number of part-time workers decreased strongly during the coronavirus pandemic, but has been increasing since April to June 2021, driving the quarterly increase in employment. The unemployment rate decreased by 0.4 percentage points on the quarter to 4.2% while the inactivity rate increased by 0.1 percentage points to 21.2%.

The number of job vacancies in September to November 2021 continued to rise to a new record of 1,219,000, an increase of 434,500 from the pre-coronavirus January to March 2020 level.

Payrolled employees

The number of payrolled employees

Monthly change: ▲257,000

Since Feb 2020: ▲424,000

Average weekly earnings

Growth in average total pay (including bonuses) was 4.9% and growth in regular pay (excluding bonuses) was 4.3% among employees in August to October 2021.

PAYadvice.UK 14/12/2021

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