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 4.30 4.40 12.00 3.40 percent [+]
Employed Persons 30974.00 30906.00 30974.00 23187.00 Thousand [+]
Unemployed Persons 806.30 809.10 3090.00 422.60 Thousand [+]
Part Time Employment 8540.00 8492.00 8583.00 5995.00 Thousand [+]
Full Time Employment 23596.00 23581.00 23596.00 19136.00 Thousand [+]
Employment Rate 75.30 75.10 75.30 65.60 percent [+]
Claimant Count Change -2.80 -2.90 142.80 -98.50 Thousand [+]
Labor Force Participation Rate 78.80 78.70 78.80 74.10 percent [+]
Long Term Unemployment Rate 1.20 1.20 4.30 0.90 percent [+]
Youth Unemployment Rate 11.80 12.10 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 774.00 768.00 777.00 432.00 Thousand [+]
Wages 505.00 505.00 505.00 300.00 GBP/Week [+]
Wage Growth 2.10 2.10 6.60 -2.60 percent [+]
Wages in Manufacturing 588.00 585.00 588.00 356.00 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 [+]
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 1152.50 1006.10 GBP/Month [+]
Living Wage Individual 1043.60 1019.80 1043.60 878.80 GBP/Month [+]
Average Weekly Hours 32.20 32.20 33.50 31.30 Hours [+]
Employment Change 0.40 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 September 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 99.80 Jun/17
Brazil 135.94 Jul/17
Canada 114.65 Jun/17
China 103.50 Jun/17
Euro Area 111.10 Jun/17
France 107.30 Jun/17
Germany 111.97 Jun/17
Italy 106.70 Jun/17
Mexico 81.70 Jun/17
Netherlands 99.40 Mar/17
South Korea 148.10 Mar/17
Spain 97.70 Mar/17
Turkey 232.11 Jun/17
United Kingdom 102.90 Mar/17
United States 108.81 Jun/17