United Kingdom Average Weekly Earnings Growth  2001-2018 | Data | Chart

UK workers' total earnings, including bonuses, rose by an annual 2.5 percent to GBP 510 per week in the three months to October of 2017, after an upwardly revised 2.3 percent increase in the prior period and in line with market expectations. By sector, wage growth went up in the public sector (1.8 percent from 1.7 percent); financial and business services (3.7 percent from 3 percent); manufacturing (2.3 percent from 1.9 percent); wholesaling, retailing and hotels & restaurants (1.7 percent from 1.4 percent); while it slowed in construction (2.1 percent from 2.3 percent). Excluding bonuses, earnings went up 2.3 percent to GBP 478 per week, following a 2.2 percent rise in the previous period and slightly above market consensus of a 2.2 percent gain. In real terms, however, earning fell 0.2 percent including bonuses, the seventh straight month of decline, and by 0.4 percent excluding bonuses, the eighth consecutive decrease, as nominal wage growth continues to lag behind inflation. Wage Growth in the United Kingdom averaged 2.86 percent from 2001 until 2017, 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
2017-11-15 09:30 AM Average Earnings incl. Bonus 2.2% 2.3% 2.1% 2.3%
2017-12-13 09:30 AM Average Earnings excl. Bonus 2.3% 2.2% 2.2% 2.2%
2017-12-13 09:30 AM Average Earnings incl. Bonus 2.5% 2.3% 2.5% 2.2%
2018-01-24 09:30 AM Average Earnings incl. Bonus 2.5% 2.5% 2.5%
2018-01-24 09:30 AM Average Earnings excl. Bonus 2.3% 2.3% 2.3%
2018-02-21 09:30 AM Average Earnings incl. Bonus 2.59%


United Kingdom Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.30 4.30 12.00 3.40 percent [+]
Employed Persons 30904.00 30877.00 30974.00 23187.00 Thousand [+]
Unemployed Persons 817.50 811.50 3090.00 422.60 Thousand [+]
Part Time Employment 8539.00 8541.00 8583.00 5995.00 Thousand [+]
Full Time Employment 23540.00 23517.00 23596.00 19136.00 Thousand [+]
Employment Rate 75.10 75.00 75.30 65.60 percent [+]
Claimant Count Change 5.90 6.50 142.80 -98.50 Thousand [+]
Labor Force Participation Rate 78.50 78.40 78.80 74.10 percent [+]
Long Term Unemployment Rate 1.10 1.20 4.30 0.90 percent [+]
Youth Unemployment Rate 12.00 11.90 22.30 9.70 percent [+]
Labour Costs 104.90 104.60 104.90 20.80 Index Points [+]
Productivity 101.20 100.30 101.20 43.70 Index Points [+]
Job Vacancies 798.00 780.00 798.00 432.00 Thousand [+]
Wages 510.00 510.00 510.00 300.00 GBP/Week [+]
Wage Growth 2.50 2.30 6.60 -2.60 percent [+]
Wages in Manufacturing 595.00 591.00 595.00 356.00 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 63.50 63.00 63.50 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 0.00 0.40 0.80 -0.90 percent [+]


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 January of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.50 2.30 6.60 -2.60 2001 - 2017 percent Monthly
SA




wage growth by Country
Country Last
Australia 2.00 Sep/17
Euro Area 1.60 Sep/17
France 0.30 Jun/17
Germany 0.70 Sep/17
Italy 0.70 Nov/17
Japan 0.90 Nov/17
Netherlands 1.66 Dec/17
Russia 5.40 Nov/17
Switzerland 0.30 Jun/17
United Kingdom 2.50 Oct/17
United States 3.22 Sep/17


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