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Publication - Statistics

Labour Market Trends: November 2024

Published
12 November 2024
Directorate
Chief Economist Directorate
Topic
Business, industry and innovation, Economy, Work and skills

Trends in Labour Market indicators from HMRC PAYE RTI, Claimant count, and ONS Labour Force Survey data covering Scotland and the UK.

Supporting documents

HMRC earnings (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.

Changes over time are based on median monthly pay estimates which are rounded to the nearest pound.

The latest early estimates for October 2024 indicate that median monthly pay for payrolled employees in Scotland was £2,466, an increase of 6.2 per cent compared to the same period the previous year. This is lower than the annual growth in median monthly pay for payrolled employees in the UK over the same period (7.0 per cent).

Chart 3: Median pay for payrolled employees decreased sharply in April 2020 but has generally been increasing since July 2020

Median Monthly Pay, Scotland and UK, September 2019 to October 2024, seasonally adjusted

Time series line chart showing estimated nominal median monthly pay for Scotland and the United Kingdom as separate lines.

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

Chart 4: Annual Growth in the median monthly pay for payrolled employees in Scotland is higher than the average growth prior to the pandemic

Annual Percentage Change in Median Monthly Pay, Scotland and UK, September 2019 to October 2024

Bar chart showing a time series of annual change median monthly pay for Scotland and the UK.

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

Contact

For enquiries about this publication please contact:

Labour Market Statistics,
Office of the Chief Economic Adviser
Telephone: 0131 244 6773,
E-mail: LMStats@gov.scot

For general enquiries about Scottish Government statistics please contact:

Office of the Chief Statistician
E-mail: statistics.enquiries@gov.scot

 

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