Quarterly PAYstats Pay and Labour Market Statistics, April 2024

Latest pay and labour market statistics April 2024:

• The Consumer Prices Index including owner occupiers' housing costs (CPIH) rose by 3.8% in the 12 months to March 2024, unchanged from February.
• The Consumer Prices Index (CPI) rose by 3.2% in the 12 months to March 2024, down from 3.4% in February.
• In December 2023 to February 2024, the UK employment level (for those aged 16 years and over) is down on both the year and the quarter.
• The UK unemployment rate (for those aged 16 years and over) was estimated at 4.2% in December 2023 to February 2024.
• In January to March 2024, the estimated number of vacancies in the UK fell by 13,000 on the quarter to 916,000.
• Annual growth in employees' average regular earnings (excluding bonuses) in Great Britain was 6.0% in December 2023 to February 2024, and annual growth in total earnings (including bonuses) was 5.6%.