Quarterly PAYstats Pay and Labour Market Statistics, October 2022

Latest pay and labour market statistics October 2022:

• The Consumer Prices Index including owner occupiers’ housing costs (CPIH) rose by 8.8% in the 12 months to September 2022, up from 8.6% in August.
• The Consumer Prices Index (CPI) rose by 10.1% in the 12 months to September 2022, up from 9.9% in August.
• The UK employment rate for June to August 2022 was 75.5%, 0.3 percentage points lower than the previous quarter (March to May 2022).
• The unemployment rate for June to August 2022 decreased by 0.3 percentage points on the quarter to 3.5%.
• In July to September 2022, the estimated number of vacancies fell by 46,000 on the quarter to 1,246,000.
• Growth in average total pay (including bonuses) was 6.0% and growth in regular pay (excluding bonuses) was 5.4% among employees in June to August 2022.