![]() The HMRC estimates are presented in median pay terms, but they also include mean pay, as does AWE. Estimates are available in both nominal terms (not adjusted for inflation) and real terms (adjusted for inflation).Įstimates of pay growth are also published using HM Revenue and Customs' (HMRC) data in the Earnings and employment from Pay As You Earn Real Time Information, UK bulletin. The estimates do not include earnings of self-employed people.Įstimates are available for both total pay (which includes bonus payments) and regular pay (which excludes bonus payments). They do not, for example, adjust for changes in the proportion of the workforce who work full time or part time, or other compositional changes within the workforce. The estimates are not just a measure of pay rises. It is calculated using information based on the Monthly Wages and Salaries Survey (MWSS), which samples around 9,000 employers in Great Britain. Glossary Average Weekly Earnings (AWE)Īs explained in our guide to labour market statistics methodology, Average Weekly Earnings (AWE) is the lead monthly measure of average weekly earnings per employee. A more timely estimate of median pay is also provided but is subject to revisions. ![]() The Earnings and employment from Pay As You Earn Real Time Information, UK bulletin also provides additional insights into the estimate of growth in median and mean pay, and the two data sources generally trend well for mean total pay. A larger fall on the year was last seen in October to December 2022 when it fell by 4.3% and previous to this in February to April 2009 (4.5%). Using CPI real earnings, in December 2022 to February 2023, total pay fell by 4.1% on the year. However, we also publish our supplementary real earnings dataset using the Consumer Prices Index (CPI) excluding owner occupiers' housing costs. Our recommended measure of inflation is CPIH. Figure 3 shows a comparison of monthly real total and regular pay growth rates and monthly inflation. For the three months of December 2022 to February 2023, CPIH was an average of 9.1%. The difference between nominal and real growth rates is because of an increasing Consumer Prices Index including owner occupiers' housing costs (CPIH). The finance and business services sector saw the largest regular growth rate at 8.3%, followed by the construction sector at 6.2%.ĭownload this chart Figure 3: Inflation has been increasing, causing real pay growth rates to decrease Image Growth in total and regular pay fell in real terms (adjusted for inflation) on the year in December 2022 to February 2023, by 3.0% for total pay and 2.3% for regular pay a larger fall on the year for real total pay was last seen in February to April 2009 when it fell by 4.5%, but it still remains among the largest falls in growth since comparable records began in 2001.Īverage regular pay growth for the private sector was 6.9% in December 2022 to February 2023, and 5.3% for the public sector a larger growth for the public sector outside of the coronavirus (COVID-19) pandemic period was last seen in May to July 2005 (5.4%) and the difference between private and public sector growth rates has narrowed in recent months. Growth in employees’ average total pay (including bonuses) was 5.9% and growth in regular pay (excluding bonuses) was 6.6% in December 2022 to February 2023. ![]() Main points for December 2022 to February 2023
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