Labour Costs in the United Kingdom decreased to 105.50 Index Points in the first quarter of 2019 from 105.60 Index Points in the fourth quarter of 2018. Labour Costs in the United Kingdom averaged 67.38 Index Points from 1977 until 2019, reaching an all time high of 105.60 Index Points in the fourth quarter of 2018 and a record low of 20.70 Index Points in the first quarter of 1977.

Labour Costs in the United Kingdom is expected to be 109.20 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in the United Kingdom to stand at 109.09 in 12 months time. In the long-term, the United Kingdom Labour Costs is projected to trend around 116.85 Index Points in 2020, according to our econometric models.

United Kingdom Labour Costs
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Calendar GMT Actual Previous Consensus TEForecast
2018-01-05 09:30 AM Labour Costs QoQ Q3 0.4% 0.7%


United Kingdom Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.80 3.90 12.00 3.40 percent [+]
Employed Persons 32777.00 32811.00 32811.00 23630.00 Thousand [+]
Unemployed Persons 1183.40 1155.20 3090.00 422.60 Thousand [+]
Part Time Employment 8605.00 8704.00 8704.00 5995.00 Thousand [+]
Full Time Employment 24172.00 24107.00 24172.00 19136.00 Thousand [+]
Employment Rate 76.10 76.10 76.10 65.60 percent [+]
Claimant Count Change 28.20 19.80 142.80 -98.50 Thousand [+]
Labor Force Participation Rate 79.20 79.30 79.30 74.10 percent [+]
Long Term Unemployment Rate 1.00 1.00 4.30 0.90 percent [+]
Youth Unemployment Rate 11.20 11.50 22.30 9.70 percent [+]
Productivity 100.90 101.10 101.80 43.10 Index Points [+]
Labour Costs 105.50 105.60 105.60 20.70 Index Points [+]
Job Vacancies 812.00 818.00 861.00 432.00 Thousand [+]
Wages 542.00 539.00 542.00 300.00 GBP/Week [+]
Wage Growth 4.00 3.80 6.60 -2.60 percent [+]
Wages in Manufacturing 614.00 615.00 615.00 356.00 GBP/Week [+]
Minimum Wages 8.21 7.83 8.21 5.05 GBP/Hour [+]
Population 66.19 65.81 66.19 52.20 Million [+]
Retirement Age Women 65.50 65.00 65.50 60.00 [+]
Retirement Age Men 65.50 65.00 65.50 65.00 [+]
Living Wage Family 1300.00 1230.00 1300.00 1180.00 GBP/Month [+]
Living Wage Individual 895.00 850.00 900.00 785.00 GBP/Month [+]
Wages High Skilled 2330.00 2110.00 2460.00 2110.00 GBP/Month [+]
Wages Low Skilled 1320.00 1180.00 1320.00 1180.00 GBP/Month [+]
Average Weekly Hours 32.00 32.10 33.50 31.30 Hours [+]
Employment Change 31.00 115.00 311.00 -279.00 Thousand [+]


United Kingdom Labour Costs

In the UK, unit labour costs (ULCs) reflect the full labour costs, including social security and employers’ pension contributions, incurred in the production of a unit of economic output. Changes in labour costs are a large factor in overall changes in the cost of production. If increased costs are not reflected in increased output, for instance, this can put upward pressure on the prices of goods and services – sometimes referred to as “inflationary pressure”. This page provides the latest reported value for - United Kingdom Labour Costs - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United Kingdom Labour Costs - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
105.50 105.60 105.60 20.70 1977 - 2019 Index Points Quarterly
SA, 2015=100




Country Last Previous
Australia 105.10 Jun/19
Brazil 117.56 Jul/19
Canada 108.85 Jun/19
China 104.30 Jun/19
Euro Area 110.50 Jun/19
France 107.60 Jun/19
Germany 108.22 Jun/19
Italy 111.90 Jun/19
Mexico 96.20 Jul/19
Netherlands 105.20 Mar/19
Singapore 99.50 Jun/19
South Africa 156.20 Dec/18
South Korea 129.90 Mar/19
Spain 104.80 Jun/19
Turkey 200.63 Jun/19
United Kingdom 105.50 Mar/19
United States 111.98 Jun/19


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