Labour Costs in the United Kingdom increased to 104.80 Index Points in the third quarter of 2018 from 103.90 Index Points in the second quarter of 2018. Labour Costs in the United Kingdom averaged 66.93 Index Points from 1977 until 2018, reaching an all time high of 104.80 Index Points in the third 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 106.50 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 108.00 in 12 months time. In the long-term, the United Kingdom Labour Costs is projected to trend around 110.00 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 0.4% 0.7%


United Kingdom Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.90 4.00 12.00 3.40 percent [+]
Employed Persons 32714.00 32597.00 32714.00 23630.00 Thousand [+]
Unemployed Persons 1039.20 1012.10 3090.00 422.60 Thousand [+]
Part Time Employment 8596.00 8562.00 8636.00 5995.00 Thousand [+]
Full Time Employment 24118.00 24035.00 24118.00 19136.00 Thousand [+]
Employment Rate 76.10 75.80 76.10 65.60 percent [+]
Claimant Count Change 27.00 15.70 142.80 -98.50 Thousand [+]
Labor Force Participation Rate 79.30 79.10 79.30 74.10 percent [+]
Long Term Unemployment Rate 1.10 1.00 4.30 0.90 percent [+]
Youth Unemployment Rate 11.00 11.50 22.30 9.70 percent [+]
Productivity 101.60 101.40 101.90 43.10 Index Points [+]
Labour Costs 104.80 103.90 104.80 20.70 Index Points [+]
Job Vacancies 854.00 863.00 863.00 432.00 Thousand [+]
Wages 530.00 529.00 530.00 300.00 GBP/Week [+]
Wage Growth 3.40 3.50 6.60 -2.60 percent [+]
Wages in Manufacturing 609.00 607.00 609.00 356.00 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 Low Skilled 1320.00 1180.00 1320.00 1180.00 GBP/Month [+]
Wages High Skilled 2330.00 2110.00 2460.00 2110.00 GBP/Month [+]
Average Weekly Hours 32.00 32.00 33.50 31.30 Hours [+]
Employment Change 222.00 167.00 311.00 -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 March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
104.80 103.90 104.80 20.70 1977 - 2018 Index Points Quarterly
SA, 2015=100




Country Last Previous
Australia 103.60 Dec/18
Brazil 116.27 Jan/19
Canada 107.34 Dec/18
China 104.80 Dec/18
Euro Area 116.60 Dec/18
France 108.50 Dec/18
Germany 115.62 Dec/18
Italy 108.70 Dec/18
Mexico 86.40 Jan/19
Netherlands 101.50 Sep/18
Singapore 117.00 Dec/18
South Africa 154.00 Sep/18
South Korea 109.40 Sep/18
Spain 98.40 Sep/18
Turkey 162.85 Dec/18
United Kingdom 104.80 Sep/18
United States 109.78 Dec/18


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