Earnings And Employment From Pay As You Earn Real Time Information UK - September 2024

10th September 2024

Early estimates for August 2024 indicate that the number of payrolled employees rose by 0.4% compared with August 2023, a rise of 122,000 employees.

This annual increase was largest in the health and social work sector, a rise of 139,000 employees.

Payrolled employment decreased by 59,000 employees (0.2%) in August 2024 when compared with July 2024; figures for August should be treated as provisional estimates and are likely to be revised when more data are received next month.

UK payrolled employee growth for July 2024 compared with June 2024 has been revised from an increase of 24,000 reported in the last bulletin to a decrease of 6,000; this is 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 August 2024 indicate that median monthly pay increased by 6.2% compared with August 2023.

Annual growth in median pay in August 2024 was highest in the accommodation and food service activities sector, with an increase of 10.4%, and lowest in the public administration and defence sector, with an increase of 1.7%.

Payrolled employees
Early estimates for August 2024 indicate that there were 30.3 million payrolled employees (Figure 1), a rise of 0.4% compared with the same period of the previous year. This is a rise of 122,000 employees over the 12-month period. Compared with the previous month, the number of payrolled employees decreased by 0.2% in August 2024, a decrease of 59,000 people.

This monthly change should be treated as provisional, because it is based on an early estimate of August 2024. More information on revisions can be found in Section 10: Data sources and quality.

When comparing the number of payrolled employees in July 2024 with the previous month, the number showed no change at 0.0%. This is revised down from the early estimate of a 0.1% increase reported in our previous bulletin, Earnings and employment from Pay As You Earn Real Time Information, UK: August 2024.

Read the full ONS report HERE