Quarterly PAYstats Pay and Labour Market Statistics, October 2024

Latest pay and labour market statistics October 2024:

• The Consumer Prices Index including owner occupiers' housing costs (CPIH) rose by 2.6% in the 12 months to September 2024, down from 3.1% in August.
• The Consumer Prices Index (CPI) rose by 1.7% in the 12 months to September 2024, down from 2.2% in August.
• The UK employment rate (for people aged 16 to 64 years) was estimated at 75.0% in June to August 2024, above estimates of a year ago, and increased in the latest quarter.
• The UK unemployment rate (for people aged 16 years and over) was estimated at 4.0% in June to August 2024, below estimates of a year ago, and decreased in the latest quarter.
• The estimated number of vacancies in the UK decreased in July to September 2024, by 34,000 on the quarter to 841,000.
• Annual growth in employees' average regular earnings (excluding bonuses) in Great Britain was 4.9% in June to August 2024, and annual growth in total earnings (including bonuses) was 3.8%.