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

17th December 2024

Early estimates for November 2024 indicate that the number of payrolled employees rose by 0.3% compared with November 2023, a rise of 76,000 employees.

This annual increase was highest in the health and social work sector, a rise of 150,000 employees, and lowest in the accommodation and food service activities sector, which decreased by 77,000 employees.

Payrolled employment decreased by 35,000 employees (0.1%) in November 2024 when compared with October 2024; figures for November should be treated as provisional estimates and are likely to be revised when more data are received next month.

UK payrolled employee growth for October 2024 compared with September 2024 has been revised from a decrease of 5,000 reported in the last bulletin to an increase of 24,000; 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 November 2024 indicate that median monthly pay increased by 6.3% compared with November 2023.

Annual growth in median pay in November 2024 was highest in the accommodation and food service activities sector, with an increase of 11.9%, and lowest in the education sector, with an increase of 2.4%.

Read the full ONS article HERE