Labour Market Trends: August 2024

HMRC payrolled employees (experimental)

This information is based on experimental monthly estimates of paid employees and their pay from HM Revenue and Customs’ (HMRC’s) Pay As You Earn (PAYE) Real Time Information (RTI) data.

The latest early payrolled employee estimates for July 2024 indicate that there were 2.47 million payrolled employees in Scotland. Compared with the same month the year before, the number of payrolled employees had risen by 0.7 per cent (16,000). This compares with a rise of 0.8 per cent for the UK over the same period.

Payrolled employment increased by 5,000 employees (0.2 per cent) from June 2024 to July 2024; this monthly change should be treated as a provisional estimate and is likely to be revised when more data for July is received next month.

In December 2020, the lowest point following the start of the pandemic, there were 82,000 fewer payrolled employees in Scotland than prior to the pandemic (February 2020). However the estimated number of payrolled employees has generally been increasing since December 2020 and has continued to be above the pre-coronavirus level (February 2020) since November 2021.

Estimates for July 2024 are provisional as they are based on around 85% of information being available. When comparing the number of payrolled employees in June 2024 with the same period the previous year, the number of payrolled employees in Scotland increased by 0.5 per cent (12,000).

Chart 1: Number of payrolled employees in Scotland declined between February and December 2020. However, it has continued to be above the pre-coronavirus level since November 2021, reaching a peak in July 2024

Payrolled Employees, Scotland, June 2019 to July 2024, seasonally adjusted

Source: PAYE RTI, all industries, seasonally adjusted, HMRC
Note: Early estimates for July 2024 are provided to give an indication of the likely level of employees as well as median pay in the latest period. The figures are based on around 85% of information being available. They are considered of lower quality and ay be subject to revision in next month's release when between 98% to 99% of data will be available.

Chart 2: Annual Growth in the number of payrolled employees in Scotland has fallen over the last couple of months despite being fairly stable for most of the previous year

Annual Percentage Change in Payrolled Employees, Scotland, June 2019 to July 2024

Source: PAYE RTI, all industries, seasonally adjusted, HMRC
Note: Early estimates for July 2024 are provided to give an indication of the likely level of employees as well as median pay in the latest period. The figures are based on around 85% of information being available. They are considered of lower quality and ay be subject to revision in next month's release when between 98% to 99% of data will be available.