Average weekly earnings including bonuses in the UK increased 4.9% year-on-year to GBP 586 in the three months to October 2021, the smallest gain in seven months but above market forecasts of 4.6%. Wages in the private sector rose 5.4% and in the public 2.7%. Regular pay which excludes bonus payment went up 4.3%, above forecasts of 4.6%. source: Office for National Statistics

Wage Growth in the United Kingdom averaged 2.95 percent from 2001 until 2021, reaching an all time high of 8.80 percent in June of 2021 and a record low of -2.70 percent in March of 2009. 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 - data, historical chart, forecasts and calendar of releases - was last updated on January of 2022.

Wage Growth in the United Kingdom is expected to be 4.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Average Weekly Earnings Growth is projected to trend around 4.00 percent in 2022 and 2.30 percent in 2023, according to our econometric models.

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United Kingdom Average Weekly Earnings Growth


Calendar GMT Actual Previous Consensus TEForecast
2021-12-14 07:00 AM Average Earnings excl. Bonus Oct 4.3% 5% 4% 4.2%
2021-12-14 07:00 AM Average Earnings incl. Bonus Oct 4.9% 5.9% 4.6% 5.1%
2022-01-18 07:00 AM Average Earnings incl. Bonus Nov 4.9% 4.2% 4.4%


Related Last Previous Unit Reference
Unemployment Rate 4.20 4.30 percent Oct/21
Unemployed Persons 1969.80 2063.10 Thousand Nov/21
Employed Persons 32506.00 32523.00 Thousand Sep/21
Part Time Employment 8071.00 8024.00 Thousand Sep/21
Full Time Employment 24435.00 24500.00 Thousand Sep/21
Claimant Count Change -49.80 -14.90 Thousand Nov/21
Employment Rate 75.50 75.40 percent Sep/21
Labor Force Participation Rate 78.80 78.90 percent Sep/21
Youth Unemployment Rate 11.30 11.70 percent Sep/21
Productivity 101.10 102.50 points Sep/21
Labour Costs 107.30 110.10 points Jun/21
Job Vacancies 1219.00 1172.00 Thousand Oct/21
Wages 586.00 584.00 GBP/Week Oct/21
Wage Growth 4.90 5.90 percent Oct/21
Wages in Manufacturing 640.00 638.00 GBP/Week Oct/21
Population 67.20 66.80 Million Dec/20
Non Farm Payrolls 29432.00 29175.00 Thousand Nov/21
Average Weekly Hours 31.50 31.60 Hours Sep/21
Employment Change 149.00 247.00 Thousand Sep/21

News Stream
UK Wage Growth at 7-Month Low
Average weekly earnings including bonuses in the UK increased 4.9% year-on-year to GBP 586 in the three months to October 2021, the smallest gain in seven months but above market forecasts of 4.6%. Wages in the private sector rose 5.4% and in the public 2.7%. Regular pay which excludes bonus payment went up 4.3%, above forecasts of 4.6%.
2021-12-14
UK Wage Growth Lowest in 5 Months
Average weekly earnings including bonuses in the UK increased 5.8% year-on-year to GBP 584 in the three months to September 2021, the smallest gain in five months but above market forecasts of 5.6%. Wages in the private sector rose 6.6% and in the public 2.4%. Regular pay which excludes bonus payment went up 4.9%, below forecasts of 5%.
2021-11-16
UK Wage Growth Slows Again
Average weekly earnings including bonuses in the UK increased 7.2% year-on-year to GBP 581 in the three months to August 2021, easing from an 8.3% rise in the previous period but above market forecasts of 7%. Wages in the private sector rose 8.3% and in the public 2.5%. Regular pay which excludes bonus payment went up 6%. Annual growth in average employee pay is being affected by temporary factors that have inflated the increase in the headline growth rate: base effects where the latest months are now compared with low base periods when earnings were first affected by the coronavirus pandemic, and compositional effects where there has been a fall in the number and proportion of lower-paid employee jobs, therefore increasing average earnings.
2021-10-12

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.