Latest pay and labour market statistics November 2017:
The Consumer Prices Index including owner occupiers’ housing costs (CPIH) 12-month inflation rate was 2.8 per cent in October 2017, unchanged from September 2017.
The employment rate (the proportion of people aged from 16 to 64 who were in work) was 75.0 per cent, down slightly compared with April to June 2017 but up from 74.4 per cent for a year earlier.
The voluntary living wage rate for employees working in the UK has increased by 30p from £8.45 an hour to £8.75 an hour, and the London living wage rate has also increased by 45p, from £9.75 an hour to £10.20 an hour; and,
Total average earnings year on year increased by 2.6 per cent including bonuses and by 2.2 per cent excluding bonuses, in September 2017.
Pay and Labour Market Statistics, November 2017
November 2017 PAYstats - pay and labour market statistics, containing a summary of what's happening in terms of inflation, employment and average earnings.