UK Payrolls up for 10th Straight Month in November

dark silhouettes of people. jobs creation concept

Payrolls in the United Kingdom climbed by 257,000 in November, marking the 10th straight month of growth.

Source: Office for National Statistics

EWU is up 0.50% premarket.

There were 29.432 million payrolled employees in November, up by 0.3% from 29.174 million in October and 0.3% from the 28.975 million the same month in 2022. This is also 424,000 higher than the pre-COVID-19 level in February 2020.

The employment rate climbed by 0.2 percentage points to 75.5%. Part-time workers posted a steep decline due to the pandemic, but this has been increasing from April to June. The unemployment rate fell by 0.4 percentage points to 4.2%, while the inactivity rate fell by 0.1 percentage points to 21.2%.

Job vacancies from September to November stood at 1.219 million, up by 434,500 from the pre-COVID-19 level in January to March. Some 13 out of the 18 industry sectors posted record-highs, even as single-month vacancy estimates recorded their first reduction since February 2021.

Average total pay, including bonuses, grew by an average of 4.9% from August to October, with previous months affected upwards by the base and compositional effects.


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