Average weekly earnings including bonuses in the UK increased by 7% year-on-year to GBP 615 in the three months to March of 2022, above 5.6% in the previous period and much higher than market forecasts of 5.4%. It was the strongest increase in earnings since the three months to August of 2021. Regular pay which excludes bonus payment went up 4.2%, also above 4.1% in the three months to February and market expectations of 4.1%. Wages in the private sector rose 8.2% and in the public 1.6%. Adjusted for inflation, however, growth in total pay was 1.4% and regular pay fell on the year by 1.2%, the biggest drop since 2013, continuing to point to a further squeeze in UK living standards. source: Office for National Statistics

Wage Growth in the United Kingdom averaged 2.99 percent from 2001 until 2022, reaching an all time high of 8.80 percent in June of 2021 and a record low of -2.70 percent in March of 2009. This page provides the latest reported value for - United Kingdom Average Weekly Earnings Growth - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United Kingdom Average Weekly Earnings Growth - data, historical chart, forecasts and calendar of releases - was last updated on May of 2022.

Wage Growth in the United Kingdom is expected to be 6.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Average Weekly Earnings Growth is projected to trend around 2.80 percent in 2023 and 2.40 percent in 2024, according to our econometric models.

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United Kingdom Average Weekly Earnings Growth



Calendar GMT Actual Previous Consensus TEForecast
2022-05-17 06:00 AM Average Earnings excl. Bonus Mar 4.2% 4.1% 4.1% 4.2%
2022-05-17 06:00 AM Average Earnings incl. Bonus Mar 7% 5.6% 5.4% 5.4%
2022-06-14 06:00 AM Average Earnings incl. Bonus Apr 7% 6.3%


Related Last Previous Unit Reference
Unemployment Rate 3.70 3.80 percent Mar 2022
Unemployed Persons 1612.50 1669.40 Thousand Apr 2022
Employed Persons 32569.00 32485.00 Thousand Feb 2022
Part Time Employment 8097.00 8042.00 Thousand Feb 2022
Full Time Employment 24472.00 24444.00 Thousand Feb 2022
Claimant Count Change -56.90 -81.60 Thousand Apr 2022
Employment Rate 75.70 75.50 percent Feb 2022
Labor Force Participation Rate 78.60 78.60 percent Feb 2022
Youth Unemployment Rate 10.60 11.30 percent Feb 2022
Productivity 101.90 102.60 points Mar 2022
Labour Costs 109.60 109.70 points Dec 2021
Job Vacancies 1295.00 1288.00 Thousand Mar 2022
Wages 615.00 601.00 GBP/Week Mar 2022
Wage Growth 7.00 5.60 percent Mar 2022
Wages in Manufacturing 670.00 645.00 GBP/Week Mar 2022
Population 67.08 66.80 Million Dec 2020
Non Farm Payrolls 29559.00 29524.00 Thousand Mar 2022
Average Weekly Hours 32.00 31.90 Hours Feb 2022
Employment Change 83.00 10.00 Thousand Feb 2022

United Kingdom Average Weekly Earnings Growth
In the United Kingdom, wage growth refers to changes in average weekly earnings, before tax and other deductions and including bonuses.
Actual Previous Highest Lowest Dates Unit Frequency
7.00 5.60 8.80 -2.70 2001 - 2022 percent Monthly
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News Stream
UK Earnings Growth Above Forecasts
Average weekly earnings including bonuses in the UK increased by 7% year-on-year to GBP 615 in the three months to March of 2022, above 5.6% in the previous period and much higher than market forecasts of 5.4%. It was the strongest increase in earnings since the three months to August of 2021. Regular pay which excludes bonus payment went up 4.2%, also above 4.1% in the three months to February and market expectations of 4.1%. Wages in the private sector rose 8.2% and in the public 1.6%. Adjusted for inflation, however, growth in total pay was 1.4% and regular pay fell on the year by 1.2%, the biggest drop since 2013, continuing to point to a further squeeze in UK living standards.
2022-05-17
UK Earnings Growth Matches Forecasts
Average weekly earnings including bonuses in the UK increased 5.4% year-on-year to GBP 598 in the three months to February of 2022, above 4.8% in the previous period and in line with market forecasts of 5.4%. Regular pay which excludes bonus payment went up 4%, also above 3.8% in the three months to January, and matching expectations. Wages in the private sector rose 6.2% and in the public 1.9%. Adjusted for inflation however, growth in total pay was 0.4% and regular pay fell on the year by 1%, continuing to point to a further squeeze in UK living standards. Using the ONS's CPI measure of inflation, pay excluding bonuses fell by 1.7%, the biggest drop since 2013. Strong bonus payments over the past six months have kept recent real total pay growth positive.
2022-04-12
UK Wage Growth Continues to Rise
Average weekly earnings including bonuses in the UK increased 4.8% year-on-year to GBP 596 in the three months to January of 2022, above 4.6% in the previous period and market forecasts of 4.6%. Regular pay which excludes bonus payment went up 3.8%, also above 3.7% in the three months to December, and expectations of 3.7%. Wages in the private sector rose 5.3% and in the public 2.4%. Adjusted for inflation however, growth in total pay was 0.1% and regular pay fell on the year by 1%, continuing to point to a further squeeze in UK living standards.
2022-03-15