According to some of the latest estimates, there are 2% more payrolled employees in July 2021 by comparison with July 2020, accounting for a rise of more than half-million employees; by comparison with February 2020, the number of payrolled employees decreased by 0.7%, accounting for 201k people. If you are looking for jobs in marketing then please see Stopgap
The total number of payrolled employees in July 2021 was higher in comparison with June 2021. The difference was 102,000 people.
The same estimates for July 2021 show a 6.4% increase of the median monthly pay compared with July 2020 and a 6.4% median pay increase compared with February 2020.
If we were to compare the payrolled employees number by age group in July 2021 vs. July 2020, we’d see an increase across all age groups; the 25 years old or less age group saw an increase of almost 250k people.
Gwynedd scored the highest annual growth in payrolled employees (6.1% rise), while Islington and Haringey sat at the bottom of the list, with a fall of almost 1%.
The biggest rise was recorded in the administrative and support services sector (212k employees rise). The wholesale and retail sector recorded the smallest performance, or lack thereof (with a 50,000 headcount fall).
Flash estimates suggest that three of the sectors that have been on a descending slope have continued to see monthly increases of their payrolled employees numbers. Between June and July 2021, wholesale and retail increased by 7,000, arts and entertainment by 13,000, and accommodation and food service industries by 32,000 employees.
The arts and entertainment sector was the winner in terms of annual growth in median pay in July 2021, with a 15.9% increase, while the households sector was the loser, with a decrease of 0.6%.
Since annual growth rates for July 2021 are subject to the comparison with July 2020, the influence of the COVID-19 pandemic is no longer part of this annual growth rate. This lower baseline is the new benchmark for the estimation of annual growth rates.
More Details About These Estimates And The Data Behind Them
Early estimates for July 2021 are only meant to serve rough guidelines in the assessment of the number of employees and the median pay. These estimates are based on roughly 85% of the data is available. This is why they may be subject to further revisions, once 98% or even 99% of data will become available. This method was introduced in April 2020, to assess the influence of the coronavirus pandemic on the UK labour market. It’s worth mentioning here that both employees and median pay figures at the UK level are subject to a revisions triangle.
These estimates include only people receiving their pay through the PAYE (Pay As You Earn) system. Their pay is automatically reported through the RTI system. This means the estimates include also employees who have been part of the Coronavirus Job Retention Scheme (CJRS) programme. Their payments are still reported through this system, is therefore included in all pay statistics for these specific periods.
This release is based on employees with at least one job paid through PAYE. Monthly estimates are the reflection of the average of these employees for each day. This new methodology has been introduced in December 2019, to align national labour market statistics with international guidelines. Before December 2019, estimates were using a different methodology that took into consideration the total number of paid employees within a specific period of time.