Earnings And Employment From Pay As You Earn Real Time Information UK - December 2023

13th December 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 November 2023 indicate that the number of payrolled employees rose by 1.1% compared with November 2022, a rise of 333,000 employees; the number of payrolled employees was up by 4.1% since February 2020, a rise of 1,183,000.
This annual increase was largest in the health and social work sector, a rise of 213,000 employees.

Payrolled employment in November 2023 is largely unchanged when compared with October 2023, decreasing slightly by 13,000 employees; 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 October 2023 compared with September 2023 has been revised from an increase of 33,000 reported in the last bulletin to an increase of 39,000 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 November 2023 indicate that median monthly pay increased by 5.3% compared with November 2022, and increased by 24.1% when compared with February 2020.

Annual growth in median pay in November 2023 was highest in the wholesale and retail sector, with an increase of 7.4%, and lowest in the education sector, with an increase of 1.3%.

Read the full report HERE