Earnings And Employment From Pay As You Earn Real Time Information - Uk October 2023

17th October 2023

Experimental monthly estimates of payrolled employees and their pay from HM Revenue and Customs' (HMRC's) Pay As You Earn (PAYE) Real Time Information (RTI) data. This is a joint release between HMRC and the Office for National Statistics (ONS).

Early estimates for September 2023 indicate that the number of payrolled employees rose by 1.2% compared with September 2022, a rise of 369,000 employees; the number of payrolled employees was up by 3.8% since February 2020, a rise of 1,102,000.

Payrolled employment stayed the same in September 2023 when compared with August 2023 decreasing slightly by 11,000 employees (0%); this should be treated as a provisional estimate and is likely to be revised when more data are received next month.

UK payrolled employee growth for August 2023 compared with July 2023 has been revised from a decrease of 1,000 reported in the last bulletin to a decrease of 8,000, because of the incorporation of additional real time information (RTI) submissions into the statistics, which takes place every publication and reduces the need for imputation.

Early estimates for September 2023 indicate that median monthly pay increased by 5.7% compared with September 2022, and increased by 21.7% when compared with February 2020.

For Nomenclature of Territorial Units for Statistics (NUTS) 3 regions, annual growth in payrolled employees in September 2023 was the highest in Luton, with a rise of 3.8%, and was lowest in Camden and City of London, with a fall of 2.1%.

The increase in payrolled employees between September 2022 and September 2023 was largest in the health and social work sector, a rise of 182,000 employees, and smallest in the administrative and support services sector, with a fall of 29,000.

Annual growth in median pay for employees in September 2023 was highest in the transportation and storage sector, with an increase of 13.5%, and lowest in the health and social work sector, with a decrease of 0.3%; This decline in median pay growth for the health and social work sector is partly because of comparing against high lump-sum payments made in September 2022.

Read the full report HERE