United Kingdom Average Weekly Wages - Forecast

Wages in the United Kingdom is expected to be 520.00 GBP/Week by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wages in the United Kingdom to stand at 526.00 in 12 months time. In the long-term, the United Kingdom Average Weekly Wages is projected to trend around 539.00 GBP/Week in 2020, according to our econometric models.


United Kingdom Average Weekly Wages
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United Kingdom Labour Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 4.2 4.5 4.5 4.5 4.5 4.8
Employed Persons 32399 32280 32290 32320 32340 32700
Unemployed Persons 899 849 855 866 870 885
Part Time Employment 8542 8730 8760 8800 8820 8960
Full Time Employment 23856 23660 23670 23740 23760 23990
Employment Rate 75.7 75.5 75.2 75.2 75.1 74.6
Claimant Count Change 7.8 9 10 5 7 6
Labor Force Participation Rate 79 79.6 80 79.9 79.9 81
Long Term Unemployment Rate 1.1 1.4 1.5 1.5 1.6 2
Youth Unemployment Rate 11.5 11 11.2 11.3 11.5 11.9
Productivity 101 104 104 105 105 108
Labour Costs 104 106 106 106 107 110
Job Vacancies 824 820 816 811 805 792
Wages 517 520 522 524 526 539
Wage Growth 2.5 3.2 3.3 3.4 3.6 3.2
Wages in Manufacturing 601 604 606 608 610 622
Minimum Wages 7.83 7.83 7.83 8 8 8.5
Population 66.19 66.19 66.19 66.36 66.36 66.98
Retirement Age Women 65 65 65 65.5 65.5 66
Retirement Age Men 65 65 65 65.5 65.5 66
Living Wage Family 1280 1350 1350 1440 1440 1520
Living Wage Individual 970 1170 1170 1290 1290 1370
Wages Low Skilled 1330 1350 1350 1450 1450 1550
Wages High Skilled 2210 2360 2360 2410 2410 2490
Average Weekly Hours 31.9 32.2 32.2 32.2 32.3 32.3
Employment Change 137 -64 150 100 85 110