Quarterly PAYstats Pay and Labour Market Statistics, July 2024

Latest pay and labour market statistics July 2024:

• The Consumer Prices Index including owner occupiers' housing costs (CPIH) rose by 2.8% in the 12 months to June 2024, the same rate as the 12 months to May 2024.
• The Consumer Prices Index (CPI) rose by 2.0% in the 12 months to June 2024, the same rate as the 12 months to May 2024.
• The UK employment rate (for people aged 16 to 64 years) was estimated at 74.4% in March to May 2024, below estimates of a year ago, and decreased in the latest quarter.
• The UK unemployment rate (for people aged 16 years and over) was estimated at 4.4% in March to May 2024, above estimates of a year ago, and increased in the latest quarter.
• In April to June 2024, the estimated number of vacancies in the UK decreased by 30,000 on the quarter to 889,000.
• Annual growth in employees' average regular earnings (excluding bonuses) in Great Britain was 5.7% in March to May 2024, and annual growth in total earnings (including bonuses) was 5.7%.