Updated
Updated · Office for National Statistics · Aug 17
UK Payrolls Fall by 94,000 to 30.3 Million as Median Pay Rises 4.2%
Updated
Updated · Office for National Statistics · Aug 17

UK Payrolls Fall by 94,000 to 30.3 Million as Median Pay Rises 4.2%

3 articles · Updated · Office for National Statistics · Aug 17

Summary

  • 30.3 million UK payrolled employees were recorded in early July estimates, down 94,000 from a year earlier and 13,000 from June, with the monthly figure still provisional.
  • 4.2% annual median pay growth lifted monthly pay to £2,642, showing wages still rising even as payroll employment weakened.
  • 63,000 jobs were added in administrative and support services, while wholesale and retail lost 75,000, marking the biggest sector swings over the year.
  • 5.3% pay growth in health and social work was the fastest among major sectors, while education posted the slowest increase at 3.3%.
  • 85% of July payroll data were available for the flash estimate, and June's monthly change was revised to a 13,000 decline from 4,000 as more submissions arrived.

Insights

With UK payrolls shrinking by 94,000, why are employers still forced to hike wages by 4.2 percent?
While London bleeds jobs, what hidden economic engine is driving Northern Ireland's unexpected employment surge?
Are disappearing retail jobs signaling a temporary economic blip, or a permanent shift towards digital roles?