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.

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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	4.30	12.00	3.40	percent	[+]
Employed Persons	32262.00	32248.00	32262.00	23630.00	Thousand	[+]
Unemployed Persons	855.30	843.70	3090.00	422.60	Thousand	[+]
Part Time Employment	8582.00	8533.00	8583.00	5995.00	Thousand	[+]
Full Time Employment	23679.00	23715.00	23715.00	19136.00	Thousand	[+]
Employment Rate	75.40	75.30	75.40	65.60	percent	[+]
Claimant Count Change	11.60	15.10	142.80	-98.50	Thousand	[+]
Labor Force Participation Rate	78.80	78.80	78.80	74.10	percent	[+]
Long Term Unemployment Rate	1.20	1.10	4.30	0.90	percent	[+]
Youth Unemployment Rate	12.00	12.20	22.30	9.70	percent	[+]
Labour Costs	105.50	105.10	105.50	20.80	Index Points	[+]
Productivity	101.90	101.20	101.90	43.70	Index Points	[+]
Job Vacancies	816.00	823.00	823.00	432.00	Thousand	[+]
Wages	513.00	513.00	513.00	300.00	GBP/Week	[+]
Wage Growth	2.80	2.80	6.60	-2.60	percent	[+]
Wages in Manufacturing	596.00	598.00	598.00	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 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	55.00	168.00	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 April 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

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labour costs by Country

Country	Last		Previous	Highest	Lowest
Australia	101.20	Dec/17	100	102	45.4	Index Points	Quarterly
Brazil	124.65	Feb/18	127	182	39.6	Index Points	Monthly
Canada	116.91	Dec/17	115	117	49.37	Index Points	Quarterly
China	104.50	Dec/17	104	110	103	Index Points	Quarterly
Euro Area	114.00	Dec/17	104	114	85.1	Index Points	Quarterly
France	107.20	Dec/17	107	107	39	Index Points	Quarterly
Germany	113.00	Dec/17	112	113	78.63	Index Points	Quarterly
Italy	104.90	Dec/17	107	108	44.5	Index Points	Quarterly
Mexico	82.40	Jan/18	105	127	66.6	Index Points	Monthly
Netherlands	104.10	Dec/17	98.5	118	66.6	Index Points	Quarterly
South Korea	145.80	Sep/17	130	149	91.3	Index Points	Quarterly
Spain	105.10	Dec/17	96.6	106	66.7	Index Points	Quarterly
Turkey	239.21	Dec/17	240	240	71.88	Index Points	Quarterly
United Kingdom	105.50	Dec/17	105	106	20.8	Index Points	Quarterly
United States	108.93	Dec/17	108	109	17.12	Index Points	Quarterly