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British Payroll Growth Posts Pandemic-High in June

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The salary in an envelope

British payrolls recorded the biggest climb since the COVID-19 pandemic hit in June, as more firms resumed businesses with the gradual reopening of the economy.

Source: Office for National Statistics

Payroll employees in June increased by 356,000 to 28.9 million compared with May, and up by 1.9% or 541,000 when compared with the same month in 2020. The latest reading is still 206,000 below the levels seen prior to the COVID-19 pandemic.

Annual growth in payrolled employees was seen in all age groups, with 101,000 employees aged younger than 25 added. Pre-pandemic levels were seen in North East, North West, East Midlands, and Northern Ireland.

The biggest year-on-year growth was seen in the administrative and support services sector, and the smallest was in the wholesale and retail sector. Monthly declines were seen in accommodation and food, services, wholesale and retail, and arts and entertainment.

Average total pay for March to May grew by 7.3%, and regular pay by 6.6%. Factors that affected the increase are the decline in the number and proportion of lower-paid employees during the period.

The employment rate for March to May grew slightly to 74.8%, and unemployment declined to 4.8%.

 

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