The early estimates for July 2021 suggest that the payrolled employee numbers have risen by 2.0% when compared with July 2020, indicating an increase of 576,000 employees, while the payrolled employee number has decreased by 0.7% since February 2020, representing a reduction of 201,000. If you are on a hunt for the best marketing recruitment possible then look no further!
In July 2021, 182,000 more employees were payrolled employed in comparison to June 2021.
The early July 2021 estimates suggest that the “median” monthly pay has increased by 6.4% when compared with July 2020, while the median pay has increased by 6.4% in comparison with February 2020.
Between July 2020 and July 2021, payrolled employees experienced an increase for every age group. Payrolled employees under the age of 25 years increased by 247,000.
Payrolled employee annual growth in July 2021 was at its highest in Gwynedd, representing an increase of 6.1%, and at its lowest in Islington and Haringey, with a decrease of 0.9%.
An increase for the payrolled employees from July 2020 and July 2021 was the biggest in the support and administrative sector (an increase of 212,000 employees), and the smallest within the retail and wholesale sector (a decrease of 50,000).
Three sectors that experienced the highest decrease have since continued to experience a monthly increase in employees (payrolled), taken from the flash estimated between June and July 2021, food and accommodation service activities rose by 32,000 employees, while entertainment and arts by 13,000, and retail and wholesale by 7,000.
Median pay annual growth for employees over July 2021, was at its highest in the entertainment and arts sector (an increase of 15.9%) and its lowest in household sectors (a decrease of 0.6%).
The annual growth rate for July 2021 is compared against July 2020, which means the decrease in median pay and employees noticed from the start of the COVID-19 (coronavirus) pandemic is not contributing towards annual growth rates any longer. The annual growth rate is now rather compared with the lower baseline.
Information About The Data From This Release
Early estimates derived from July 2021 indicate the likely median pay and employee levels from the most current period. The July 2021 figures are based on approximately 85% of the information made available. The information is regarded as a lower quality which may be subjected to revisions in the following month’s release since 98% to 99% of the data will then become available. The work was first introduced in April 2020, as one of the responses to COVID-19 (coronavirus) and more methods will carry on being developed. A revisions triangle is made available for median pay and employees at the UK level.
The release covers employees paid through PAYE (Pay As You Earn) where the pay of each employee is reported through an RTI system (Real-Time Information). Since employees that are suspended or let go still have their pay reported through the system as a part of CJRS (the Coronovirus Job Retention Scheme programme), they still contribute towards pay and employment statistics over relevant periods.
The statistics associated with this current release are according to individuals employed in a minimum of one job that is paid through PAYE, while monthly estimates are a reflection of the average number of people for every day in that calendar month. This follows on from the new methodology introduced in December 2019, with the intention of better aligning with the international guidelines relating to labour market data and statistics. This is different from a methodology that was used before December 2019, that produced data according to the overall number of individuals paid over a specific period.