PAYstats Pay and Labour Market Statistics, November 2024

Latest pay and labour market statistics November 2024:

• The Consumer Prices Index including owner occupiers' housing costs (CPIH) rose by 3.2% in the 12 months to October 2024, up from 2.6% in September.
• The Consumer Prices Index (CPI) rose by 2.3% in the 12 months to October 2024, up from 1.7% in September.
• The UK employment rate for people aged 16 to 64 years was estimated at 74.8% in July to September 2024.
• The UK unemployment rate for people aged 16 years and over was estimated at 4.3% in July to September 2024.
• The estimated number of vacancies in the UK decreased in August to October 2024, by 35,000 on the quarter to 831,000.
• Annual growth in employees' average regular earnings excluding bonuses in Great Britain was 4.8% in July to September 2024, and annual growth in total earnings including bonuses was 4.3%.