United Kingdom Labour Costs  1977-2018 | Data | Chart | Calendar

Labour Costs in the United Kingdom increased to 105.50 Index Points in the fourth quarter of 2017 from 105.10 Index Points in the third quarter of 2017. Labour Costs in the United Kingdom averaged 67.11 Index Points from 1977 until 2017, reaching an all time high of 105.50 Index Points in the fourth quarter of 2017 and a record low of 20.80 Index Points in the first quarter of 1977.

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 4.20 4.20 12.00 3.40 percent [+]
Employed Persons 32394.00 32344.00 32394.00 23630.00 Thousand [+]
Unemployed Persons 886.20 893.90 3090.00 422.60 Thousand [+]
Part Time Employment 8636.00 8598.00 8636.00 5995.00 Thousand [+]
Full Time Employment 23758.00 23746.00 23758.00 19136.00 Thousand [+]
Employment Rate 75.60 75.60 75.60 65.60 percent [+]
Claimant Count Change -7.70 28.20 142.80 -98.50 Thousand [+]
Labor Force Participation Rate 79.00 79.00 79.00 74.10 percent [+]
Long Term Unemployment Rate 1.10 1.20 4.30 0.90 percent [+]
Youth Unemployment Rate 11.50 11.50 22.30 9.70 percent [+]
Productivity 101.40 101.90 101.90 43.70 Index Points [+]
Labour Costs 105.50 105.10 105.50 20.80 Index Points [+]
Job Vacancies 818.00 806.00 822.00 432.00 Thousand [+]
Wages 516.00 515.00 516.00 300.00 GBP/Week [+]
Wage Growth 2.50 2.60 6.60 -2.60 percent [+]
Wages in Manufacturing 599.00 599.00 599.00 356.00 GBP/Week [+]
Minimum Wages 7.83 7.50 7.83 5.05 GBP/Hour [+]
Population 65.81 65.38 65.81 52.20 Million [+]
Retirement Age Women 65.00 64.17 65.00 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 Low Skilled 1330.00 1280.00 1330.00 1220.00 GBP/Month [+]
Wages High Skilled 2210.00 2110.00 2210.00 2110.00 GBP/Month [+]
Average Weekly Hours 31.80 31.90 33.50 31.30 Hours [+]
Employment Change 146.00 197.00 307.00 -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 June of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
105.50 105.10 105.50 20.80 1977 - 2017 Index Points Quarterly
SA, 2015=100




labour costs by Country
Country Last
Australia 101.10 Mar/18
Brazil 136.43 Apr/18
Canada 117.22 Mar/18
China 103.50 Mar/18
Euro Area 102.50 Mar/18
France 107.30 Mar/18
Germany 113.11 Mar/18
Italy 104.80 Mar/18
Mexico 85.00 Mar/18
Netherlands 104.10 Dec/17
South Korea 145.80 Sep/17
Spain 105.10 Dec/17
Turkey 147.86 Mar/18
United Kingdom 105.50 Dec/17
United States 110.16 Mar/18


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