United Kingdom Average Weekly Earnings Growth  2001-2017 | Data | Chart

UK workers' total earnings, including bonuses, rose by an annual 2.2 percent to GBP 507 per week in the three months to August 2017, the same pace as in the previous period and above expectations of 2.1 percent. By sector, wage growth accelerated in the financial sector (2.7 percent compared to 2.3 percent); manufacturing (1.6 percent compared to 1.3 percent) and construction (1.2 percent compared to 0.3 percent). Excluding bonuses, earnings rose by 2.1 percent to GBP 476 per week, compared to a revised 2.2 percent gain in the previous period and also beating market expectations of 2 percent. In real terms, however, earnings fell by 0.3 percent including bonuses, the fifth straight month of decline, and by 0.4 percent excluding bonuses, the sixth consecutive decrease, as rising inflation has outpaced nominal wage growth. 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
2017-09-13 08:30 AM Average Earnings incl. Bonus 2.1% 2.1% 2.3% 2.2%
2017-10-18 08:30 AM Average Earnings excl. Bonus 2.1% 2.2% 2.0% 2.2%
2017-10-18 08:30 AM Average Earnings incl. Bonus 2.2% 2.2% 2.1% 2.2%
2017-11-15 09:30 AM Average Earnings excl. Bonus 2.1% 2.2%
2017-11-15 09:30 AM Average Earnings incl. Bonus 2.2% 2.3%
2017-12-13 09:30 AM Average Earnings incl. Bonus 1.66%


United Kingdom Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.30 4.30 12.00 3.40 percent [+]
Employed Persons 30923.00 30974.00 30974.00 23187.00 Thousand [+]
Unemployed Persons 804.10 802.40 3090.00 422.60 Thousand [+]
Part Time Employment 8547.00 8540.00 8583.00 5995.00 Thousand [+]
Full Time Employment 23557.00 23596.00 23596.00 19136.00 Thousand [+]
Employment Rate 75.10 75.30 75.30 65.60 percent [+]
Claimant Count Change 1.70 -0.20 142.80 -98.50 Thousand [+]
Labor Force Participation Rate 78.60 78.80 78.80 74.10 percent [+]
Long Term Unemployment Rate 1.20 1.20 4.30 0.90 percent [+]
Youth Unemployment Rate 11.80 11.80 22.30 9.70 percent [+]
Labour Costs 104.90 104.20 104.90 20.80 Index Points [+]
Productivity 99.90 100.00 100.50 43.70 Index Points [+]
Job Vacancies 783.00 774.00 783.00 432.00 Thousand [+]
Wages 507.00 505.00 507.00 300.00 GBP/Week [+]
Wage Growth 2.20 2.20 6.60 -2.60 percent [+]
Wages in Manufacturing 589.00 589.00 589.00 356.00 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 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 October of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
2.20 2.20 6.60 -2.60 2001 - 2017 percent Monthly
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wage growth by Country

Last
Australia 1.90 Jun/17
Euro Area 2.00 Jun/17
France 0.50 Mar/17
Germany 1.20 Jun/17
Italy 0.60 Aug/17
Japan 0.90 Aug/17
Netherlands 1.48 Sep/17
Russia 2.60 Sep/17
Switzerland 0.70 Dec/16
United Kingdom 2.20 Aug/17
United States 2.95 May/17