UK workers' total earnings, including bonuses, increased by an annual 3.0 percent to GBP 524 per week in the three months to September 2018, up from an upwardly revised 2.8 percent gain in the previous period and matching estimates. It was the fastest rise in earnings including bonuses since September 2015. Pay growth picked up in both public (2.8% vs 2.7%) and private sector (3.1% vs 2.8%); services (3.2% vs 2.8%), namely finance (2.2% vs 1.9%) and wholesaling, retailing, hotels & restaurants (3.7% vs 3.5%). Meantime, wages advanced at the same pace in manufacturing (2.1%) but slowed in construction (3.6% vs 4.2%). Excluding bonuses, earnings were up 3.2 percent to GBP 493 per week, the most since December 2008, after a 3.1 percent increase in the previous period while markets had expected gains steady at 3.1 percent. In real terms, earnings including bonuses went up 0.8 percent, and those excluding bonuses advanced 0.9 percent, both the most since December 2016. Wage Growth in the United Kingdom averaged 2.85 percent from 2001 until 2018, reaching an all time high of 6.60 percent in February of 2007 and a record low of -2.60 percent in March of 2009.

United Kingdom Average Weekly Earnings Growth
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Calendar GMT Actual Previous Consensus TEForecast
2018-10-16 08:30 AM Average Earnings excl. Bonus 3.1% 2.9% 2.9% 2.8%
2018-11-13 09:30 AM Average Earnings excl. Bonus 3.2% 3.1% 3.1% 3.1%
2018-11-13 09:30 AM Average Earnings incl. Bonus 3% 2.8% 3% 2.9%
2018-12-11 09:30 AM Average Earnings incl. Bonus 2.7%
2018-12-11 09:30 AM Average Earnings excl. Bonus


United Kingdom Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.10 4.00 12.00 3.40 percent [+]
Employed Persons 32409.00 32394.00 32409.00 23630.00 Thousand [+]
Unemployed Persons 967.70 947.50 3090.00 422.60 Thousand [+]
Part Time Employment 8475.00 8499.00 8636.00 5995.00 Thousand [+]
Full Time Employment 23934.00 23895.00 23934.00 19136.00 Thousand [+]
Employment Rate 75.50 75.50 75.70 65.60 percent [+]
Claimant Count Change 20.20 23.20 142.80 -98.50 Thousand [+]
Labor Force Participation Rate 78.80 78.80 79.00 74.10 percent [+]
Long Term Unemployment Rate 1.00 1.10 4.30 0.90 percent [+]
Youth Unemployment Rate 11.30 11.00 22.30 9.70 percent [+]
Productivity 101.20 101.60 101.70 43.10 Index Points [+]
Labour Costs 103.90 103.80 103.90 20.70 Index Points [+]
Job Vacancies 845.00 840.00 845.00 432.00 Thousand [+]
Wages 524.00 523.00 524.00 300.00 GBP/Week [+]
Wage Growth 3.00 2.80 6.60 -2.60 percent [+]
Wages in Manufacturing 605.00 602.00 605.00 356.00 GBP/Week [+]
Minimum Wages 7.83 7.50 7.83 5.05 GBP/Hour [+]
Population 66.19 65.81 66.19 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 1300.00 1230.00 1300.00 1180.00 GBP/Month [+]
Living Wage Individual 895.00 850.00 900.00 785.00 GBP/Month [+]
Wages Low Skilled 1320.00 1180.00 1320.00 1180.00 GBP/Month [+]
Wages High Skilled 2330.00 2110.00 2460.00 2110.00 GBP/Month [+]
Average Weekly Hours 32.20 32.10 33.50 31.30 Hours [+]
Employment Change 23.00 -5.00 307.00 -279.00 Thousand [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
3.00 2.80 6.60 -2.60 2001 - 2018 percent Monthly
SA




Country Last
Argentina 2.84 Aug/18
Australia 2.30 Sep/18
Euro Area 1.90 Jun/18
France 0.40 Jun/18
Germany 0.50 Jun/18
Italy 1.90 Aug/18
Japan 1.10 Sep/18
Netherlands 2.27 Oct/18
Russia 7.20 Sep/18
Switzerland 0.80 Jun/18
United Kingdom 3.00 Sep/18
United States 4.79 Aug/18


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