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Inflation

6.7%

August 2023

Employment

32.9M

up 0.4% on last year

Unemployment

1.5M

up 19.6% on last year

Vacancies

989K

down 21.3% on last year

Download the latest PAYstats below

PAYstats is a monthly publication that gives you details of national pay and labour market statistics.

Download PAYstats September 2023(pdf)

Latest pay and labour market statistics September 2023:

  • The Consumer Prices Index including owner occupiers' housing costs (CPIH) rose by 6.3% in the 12 months to August 2023, down from 6.4% in July.
  • The Consumer Prices Index (CPI) rose by 6.7% in the 12 months to August 2023, down from 6.8% in July.
  • The UK employment rate was estimated at 75.5% in May to July 2023, 0.5 percentage points lower than February to April 2023.
  • The unemployment rate for May to July 2023 increased by 0.5 percentage points on the quarter to 4.3%.
  • In June to August 2023, the estimated number of vacancies fell by 64,000 on the quarter to 989,000.
  • Annual growth in regular pay (excluding bonuses) was 7.8% in May to July 2023. Annual growth in employees’ average total pay (including bonuses) was 8.5%.

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