Labour Costs in the United Kingdom decreased to 109.60 points in the fourth quarter of 2021 from 109.70 points in the third quarter of 2021. source: Office for National Statistics

Labour Costs in the United Kingdom averaged 46.13 points from 1955 until 2021, reaching an all time high of 112.20 points in the second quarter of 2020 and a record low of 4.60 points in the first quarter of 1955. This page provides the latest reported value for - United Kingdom Labour Costs - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United Kingdom Labour Costs - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.

Labour Costs in the United Kingdom is expected to be 114.81 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Labour Costs is projected to trend around 118.30 points in 2023 and 121.14 points in 2024, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
United Kingdom Labour Costs



Related Last Previous Unit Reference
Unemployment Rate 3.80 3.70 percent Apr 2022
Unemployed Persons 1584.20 1603.90 Thousand May 2022
Employed Persons 32707.00 32632.00 Thousand Mar 2022
Part Time Employment 8145.00 8115.00 Thousand Mar 2022
Full Time Employment 24562.00 24517.00 Thousand Mar 2022
Claimant Count Change -19.70 -65.50 Thousand May 2022
Employment Rate 75.60 75.60 percent Mar 2022
Labor Force Participation Rate 78.70 78.60 percent Mar 2022
Youth Unemployment Rate 10.80 10.60 percent Mar 2022
Productivity 101.90 102.60 points Mar 2022
Labour Costs 109.60 109.70 points Dec 2021
Job Vacancies 1300.00 1296.00 Thousand Apr 2022
Wages 604.00 615.00 GBP/Week Apr 2022
Wages in Manufacturing 655.00 670.00 GBP/Week Apr 2022
Wage Growth 6.80 7.00 percent Apr 2022
Population 67.08 66.80 Million Dec 2020
Average Weekly Hours 31.90 32.00 Hours Mar 2022
Non Farm Payrolls 29559.00 29524.00 Thousand Mar 2022
Employment Change 177.00 83.00 Thousand Mar 2022

United Kingdom Labour Costs
In the UK, unit labour costs (ULCs) reflect the full labour costs, including social security and employers’ pension contributions, incurred in the production of a unit of economic output. Changes in labour costs are a large factor in overall changes in the cost of production. If increased costs are not reflected in increased output, for instance, this can put upward pressure on the prices of goods and services – sometimes referred to as “inflationary pressure”.
Actual Previous Highest Lowest Dates Unit Frequency
109.60 109.70 112.20 4.60 1955 - 2021 points Quarterly
SA, 2019=100