Earnings And Employment From Pay As You Earn Real Time Information Uk - November 2024

12th November 2024

Early estimates for October 2024 indicate that the number of payrolled employees rose by 0.3% compared with October 2023, a rise of 95,000 employees.

This annual increase was largest in the health and social work sector, a rise of 161,000 employees.

The number of payrolled employees was largely unchanged in October 2024, when compared with September 2024, decreasing slightly by 5,000 employees; figures for October should be treated as provisional estimates and are likely to be revised when more data are received next month.

Early estimates for October 2024 indicate that there were 30.4 million payrolled employees (Figure 1), a rise of 0.3% compared with the same period of the previous year. This is a rise of 95,000 employees over the 12-month period. Compared with the previous month, the number of payrolled employees was largely unchanged in October 2024, a decrease of 5,000 people.

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

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

UK payrolled employee growth for September 2024, compared with August 2024, has been revised from a decrease of 15,000 reported in the last bulletin to a decrease of 9,000; 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 October 2024 indicate that median monthly pay increased by 7.0% compared with October 2023, a larger increase than seen in recent months.

Annual growth in median pay in October 2024 was highest in the health and social work sector, with an increase of 15.4%, and lowest in the public administration and defence sector, with an increase of 2.1%; the pay growth in the health and social work sector reflects the effects of the latest pay settlement to NHS workers, including a pay increase backdated to April.

Read the full ONS report HERE