United Kingdom Labour Costs  1977-2017 | Data | Chart | Calendar

UK unit labour costs, the cost to employers to produce a given amount of output, increased by 0.8 percent on quarter in the three months to June of 2017, slightly below an earlier estimate of 0.9 percent and following a 0.6 percent gain in the previous period, a correction from the UK Office for National Statistics showed. Meanwhile, annual growth in unit labour costs was its slowest in a year at 2.4 percent, but above the earlier estimate of 1.6 percent. Labour Costs in the United Kingdom averaged 66.64 Index Points from 1977 until 2017, reaching an all time high of 104.90 Index Points in the second quarter of 2017 and a record low of 20.80 Index Points in the first quarter of 1977.

United Kingdom Labour Costs
width
height
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.



Calendar GMT Actual Previous Consensus TEForecast
2018-01-05 09:30 AM Labour Costs QoQ 0.8%


United Kingdom Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.30 4.30 12.00 3.40 percent [+]
Employed Persons 30904.00 30877.00 30974.00 23187.00 Thousand [+]
Unemployed Persons 817.50 811.50 3090.00 422.60 Thousand [+]
Part Time Employment 8539.00 8541.00 8583.00 5995.00 Thousand [+]
Full Time Employment 23540.00 23517.00 23596.00 19136.00 Thousand [+]
Employment Rate 75.10 75.00 75.30 65.60 percent [+]
Claimant Count Change 5.90 6.50 142.80 -98.50 Thousand [+]
Labor Force Participation Rate 78.50 78.40 78.80 74.10 percent [+]
Long Term Unemployment Rate 1.10 1.20 4.30 0.90 percent [+]
Youth Unemployment Rate 12.00 11.80 22.30 9.70 percent [+]
Labour Costs 104.90 104.20 104.90 20.80 Index Points [+]
Productivity 100.80 99.90 100.80 43.70 Index Points [+]
Job Vacancies 798.00 780.00 798.00 432.00 Thousand [+]
Wages 510.00 510.00 510.00 300.00 GBP/Week [+]
Wage Growth 2.50 2.30 6.60 -2.60 percent [+]
Wages in Manufacturing 595.00 591.00 595.00 356.00 GBP/Week [+]
Minimum Wages 7.50 7.20 7.50 5.05 GBP/Hour [+]
Population 65.81 65.38 65.81 52.20 Million [+]
Retirement Age Women 63.50 63.00 63.50 60.00 [+]
Retirement Age Men 65.00 65.00 65.00 65.00 [+]
Living Wage Family 1280.00 1220.00 1280.00 1170.00 GBP/Month [+]
Living Wage Individual 970.00 920.00 970.00 840.00 GBP/Month [+]
Wages High Skilled 2210.00 2110.00 2210.00 2110.00 GBP/Month [+]
Wages Low Skilled 1330.00 1280.00 1330.00 1220.00 GBP/Month [+]
Average Weekly Hours 32.00 32.10 33.50 31.30 Hours [+]
Employment Change 0.00 0.40 0.80 -0.90 percent [+]


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 December of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
104.90 104.20 104.90 20.80 1977 - 2017 Index Points Quarterly
SA, 2015=100




labour costs by Country
Country Last
Australia 100.50 Sep/17
Brazil 134.84 Oct/17
Canada 114.90 Sep/17
China 104.00 Sep/17
Euro Area 111.10 Jun/17
France 107.40 Sep/17
Germany 112.39 Sep/17
Italy 106.70 Sep/17
Mexico 85.70 Sep/17
Netherlands 115.10 Jun/17
South Korea 129.60 Jun/17
Spain 101.70 Jun/17
Turkey 240.32 Sep/17
United Kingdom 104.90 Jun/17
United States 108.36 Sep/17