Quarterly PAYstats Pay and Labour Market Statistics, October 2021

Latest pay and labour market statistics October 2021:

• The Consumer Prices Index including owner occupiers’ housing costs (CPIH) rose by 2.9% in the 12 months to September 2021, down from 3.0% in the 12 months to August.
• The Consumer Prices Index (CPI) rose by 3.1% in the 12 months to September 2021, down from 3.2% in August.
• The number of payroll employees showed another monthly increase, up 207,000 to a record 29.2 million in September 2021.
• [...] latest Labour Force estimates for June to August 2021 show the employment rate increased by 0.5 percentage points on the quarter, to 75.3%. and the unemployment rate decreased by 0.4 percentage points, to 4.5%.
• The number of job vacancies in July to September 2021 was a record high of 1,102,000, an increase of 318,000 from its pre-pandemic level.
• Growth in average total pay (including bonuses) was 7.2% and regular pay (excluding bonuses) was 6.0% among employees for the three months June to August 2021.