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

Labour Costs in the United Kingdom increased to 102.90 Index Points in the first quarter of 2017 from 102.60 Index Points in the fourth quarter of 2016. Labour Costs in the United Kingdom averaged 66.01 Index Points from 1977 until 2017, reaching an all time high of 103 Index Points in the third quarter of 2016 and a record low of 20.70 Index Points in the first quarter of 1977.

United Kingdom Labour Costs
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United Kingdom Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.50 4.60 12.00 3.40 percent [+]
Employed Persons 30815.00 30746.00 30815.00 23187.00 Thousand [+]
Unemployed Persons 814.50 808.60 3090.00 422.60 Thousand [+]
Part Time Employment 8478.00 8454.00 8583.00 5995.00 Thousand [+]
Full Time Employment 23532.00 23500.00 23532.00 19136.00 Thousand [+]
Employment Rate 74.90 74.80 74.90 65.60 percent [+]
Claimant Count Change 5.90 7.70 142.80 -98.50 Thousand [+]
Labor Force Participation Rate 78.50 78.50 78.50 74.10 percent [+]
Long Term Unemployment Rate 1.20 1.30 4.30 0.90 percent [+]
Youth Unemployment Rate 12.20 12.30 22.30 9.70 percent [+]
Labour Costs 102.90 102.60 103.00 20.70 Index Points [+]
Productivity 101.80 102.40 102.40 44.60 Index Points [+]
Job Vacancies 774.00 770.00 777.00 432.00 Thousand [+]
Wages 503.00 502.00 503.00 300.00 GBP/Week [+]
Wages in Manufacturing 583.00 583.00 583.00 356.00 GBP/Week [+]
Wage Growth 1.80 2.10 6.60 -2.60 percent [+]
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 [+]
Wages Low Skilled 1190.00 1220.00 1260.00 1160.00 GBP/Month [+]
Wages High Skilled 2140.00 2190.00 2190.00 2040.00 GBP/Month [+]
Living Wage Family 1152.50 1141.20 1360.00 1006.10 GBP/Month [+]
Living Wage Individual 1043.60 1019.80 1043.60 878.80 GBP/Month [+]
Average Weekly Hours 32.10 32.20 33.50 31.30 Hours [+]
Employment Change 0.40 0.10 0.80 -0.90 percent [+]


United Kingdom Labour Costs Notes

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 July of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
102.90 102.60 103.00 20.70 1977 - 2017 Index Points Quarterly
SA, 2013=100



labour costs by Country

Last
Australia 99.30 Mar/17
Brazil 121.68 Jun/17
Canada 115.48 Mar/17
China 103.50 Jun/17
Euro Area 100.40 Mar/17
France 106.80 Mar/17
Germany 111.34 Mar/17
Italy 106.76 Mar/17
Mexico 77.80 May/17
Netherlands 99.40 Mar/17
South Korea 134.10 Dec/16
Spain 97.70 Mar/17
Turkey 224.57 Mar/17
United Kingdom 102.90 Mar/17
United States 110.04 Mar/17