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

UK unit labour costs rose by 2.1 percent compared with a year earlier in the fourth quarter of 2016, slowing from 2.5 percent in the previous three-month period. Labour Costs in the United Kingdom averaged 65.78 Index Points from 1977 until 2016, 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 4.60 4.70 12.00 3.40 percent [+]
Employed Persons 30747.00 30661.00 30747.00 23187.00 Thousand [+]
Unemployed Persons 792.80 773.40 3090.00 422.60 Thousand [+]
Part Time Employment 8457.00 8444.00 8583.00 5995.00 Thousand [+]
Full Time Employment 23490.00 23397.00 23490.00 19136.00 Thousand [+]
Employment Rate 74.80 74.60 74.80 65.60 percent [+]
Claimant Count Change 19.40 33.50 142.80 -98.50 Thousand [+]
Labor Force Participation Rate 78.50 78.40 78.50 74.10 percent [+]
Long Term Unemployment Rate 1.20 1.30 4.30 0.90 percent [+]
Youth Unemployment Rate 11.90 11.90 22.30 9.70 percent [+]
Productivity 102.30 101.90 102.30 44.60 Index Points [+]
Labour Costs 102.60 103.00 103.00 20.70 Index Points [+]
Job Vacancies 777.00 767.00 777.00 432.00 Thousand [+]
Wages 512.00 509.00 512.00 306.00 GBP/Week [+]
Wages in Manufacturing 591.00 592.00 592.00 362.00 GBP/Week [+]
Wage Growth 2.40 2.30 6.60 -2.90 percent [+]
Minimum Wages 7.50 7.20 7.50 5.05 GBP/Hour [+]
Population 65.38 64.88 65.38 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 32.20 32.40 33.50 31.30 Hours [+]
Employment Change 0.10 0.20 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 May of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
102.60 103.00 103.00 20.70 1977 - 2016 Index Points Quarterly
SA, 2013=100



labour costs by Country

Last
Australia 99.30 Dec/16
Brazil 136.18 Apr/17
Canada 116.36 Dec/16
China 103.60 Mar/17
Euro Area 112.20 Dec/16
France 107.10 Dec/16
Germany 111.34 Mar/17
Italy 105.44 Dec/16
Mexico 73.20 Mar/17
Netherlands 103.90 Dec/16
South Korea 134.10 Dec/16
Spain 104.30 Dec/16
Turkey 210.46 Dec/16
United Kingdom 102.60 Dec/16
United States 111.90 Mar/17