PAYstats Pay and Labour Market Statistics, September 2024

Latest pay and labour market statistics September 2024:

• The Consumer Prices Index including owner occupiers' housing costs (CPIH) rose by 3.1% in the 12 months to August 2024, unchanged from July.
• The Consumer Prices Index (CPI) rose by 2.2% in the 12 months to August 2024, unchanged from July.
• The UK employment rate (for people aged 16 to 64 years) was estimated at 74.8% in May to July 2024, below estimates of a year ago, but increased in the latest quarter.
• The UK unemployment rate (for people aged 16 years and over) was estimated at 4.1% in May to July 2024, below estimates of a year ago, and decreased in the latest quarter.
• In June to August 2024, the estimated number of vacancies in the UK decreased by 42,000 on the quarter to 857,000.
• Annual growth in employees' average regular earnings (excluding bonuses) in Great Britain was 5.1% in May to July 2024, and annual growth in total earnings (including bonuses) was 4.0%. This total annual growth is affected by the NHS and civil service one-off payments made in June and July 2023.