Quarterly PAYstats Pay and Labour Market Statistics, January 2025

Latest pay and labour market statistics January 2025:

• The Consumer Prices Index including owner occupiers' housing costs (CPIH) rose by 3.5% in the 12 months to December 2024, unchanged from November.
• The Consumer Prices Index (CPI) rose by 2.5% in the 12 months to December 2024, down from 2.6% in the 12 months to November.
• The UK employment rate for people aged 16 to 64 years was estimated at 74.8% in September to November 2024.
• The UK unemployment rate for people aged 16 years and over was estimated at 4.4% in September to November 2024.
• The estimated number of vacancies in the UK decreased by 24,000 on the quarter to 812,000 in October to December 2024.
• Annual growth in employees' average earnings for both regular (excluding bonuses) and total earnings (including bonuses) in Great Britain was 5.6% in September to November 2024.