PAYstats Pay and Labour Market Statistics, August 2023

Latest pay and labour market statistics August 2023:

• The Consumer Prices Index including owner occupiers' housing costs (CPIH) rose by 6.4% in the 12 months to July 2023, down from 7.3% in June.
  The Consumer Prices Index (CPI) rose by 6.8% in the 12 months to July 2023, down from 7.9% in June.
• The UK employment rate was estimated at 75.7% in April to June 2023, 0.1 percentage points lower than January to March 2023.
• The unemployment rate for April to June 2023 increased by 0.3 percentage points on the quarter to 4.2%.
• In May to July 2023, the estimated number of vacancies fell by 66,000 on the quarter to 1,020,000.
• Annual growth in regular pay (excluding bonuses) was 7.8% in April to June 2023. Annual growth in employees’ average total pay (including bonuses) was 8.2%.