Wages in the United Kingdom increased 7.20 percent in August of 2021 over the same month in the previous year. source: Office for National Statistics

Wage Growth in the United Kingdom averaged 2.93 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 October of 2021.

Wage Growth in the United Kingdom is expected to be 3.60 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 2.80 percent in 2022 and 2.20 percent in 2023, according to our econometric models.

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United Kingdom Average Weekly Earnings Growth


Calendar GMT Actual Previous Consensus TEForecast
2021-09-14 06:00 AM Average Earnings excl. Bonus Jul 6.8% 7.3% 6.8% 6.7%
2021-09-14 06:00 AM Average Earnings incl. Bonus Jul 8.3% 8.8% 8.2% 7.9%
2021-10-12 06:00 AM Average Earnings excl. Bonus Aug 6% 6.8% 6% 6%
2021-10-12 06:00 AM Average Earnings incl. Bonus Aug 7.2% 8.3% 7% 7.1%
2021-11-16 07:00 AM Average Earnings incl. Bonus Sep 8.3% 6.2%
2021-12-14 07:00 AM Average Earnings incl. Bonus Oct 5.2%
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
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
UK Wage Growth Slows from Records
Average weekly earnings including bonuses in the UK increased 8.3% year-on-year to GBP 578 in the three months to July 2021, easing from a record 8.8% jump in the previous period but above market forecasts of 8.2%. Regular pay which excludes bonus payment went up 6.8%. 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.
2021-09-14
UK Wage Growth at Fresh Record High
Annual growth in average employee pay is being affected by temporary factors that have inflated the increase in the headline growth rate; compositional effects where there has been a fall in the number and proportion of lower-paid employee jobs so increasing average earnings; and base effects where the latest months are now compared with the start of the coronavirus (COVID-19) pandemic when earnings were first affected and pushed down. Excluding bones, earnings also went up 7.4 percent to GBP 541.
2021-08-17
UK Wage Growth at Record High
Average weekly earnings including bonuses in the UK surged 7.3% year-on-year to GBP 574 in the three months March to May 2021, the biggest increase since series began in 2001. Annual growth in average employee pay is being affected by temporary factors that have inflated the increase in the headline growth rate; compositional effects where there has been a fall in the number and proportion of lower-paid employee jobs so increasing average earnings; and base effects where the latest months are now compared with the start of the coronavirus (COVID-19) pandemic when earnings were first affected and pushed down. Excluding bones, earnings also went up 6.6 percent to GBP 540.
2021-07-15

United Kingdom Last Unit Reference Previous Highest Lowest
Unemployment Rate 4.50 percent Aug/21 4.60 11.90 3.40
Unemployed Persons 2112.80 Thousand Sep/21 2163.90 3090.00 422.60
Employed Persons 32416.00 Thousand Jul/21 32357.00 33073.00 23630.00
Part Time Employment 7976.00 Thousand Jul/21 7831.00 8704.00 5995.00
Full Time Employment 24440.00 Thousand Jul/21 24526.00 24715.00 19136.00
Claimant Count Change -51.10 Thousand Sep/21 -58.60 844.10 -151.40
Employment Rate 75.30 percent Jul/21 75.20 76.60 65.60
Labor Force Participation Rate 78.90 percent Jul/21 78.90 79.80 74.10
Youth Unemployment Rate 12.20 percent Jul/21 12.90 22.50 10.80
Productivity 101.70 points Jun/21 101.60 105.50 43.30
Labour Costs 107.30 points Jun/21 110.10 111.60 4.60
Job Vacancies 1102.00 Thousand Aug/21 1036.00 1102.00 340.00
Wages 581.00 GBP/Week Aug/21 578.00 581.00 300.00
Wage Growth 7.20 percent Aug/21 8.30 8.80 -2.70
Wages in Manufacturing 638.00 GBP/Week Aug/21 643.00 643.00 356.00
Population 67.20 Million Dec/20 66.80 67.20 50.29
Non Farm Payrolls 29180.00 Thousand Sep/21 28973.00 29180.00 26763.00
Average Weekly Hours 31.50 Hours Jul/21 31.10 33.50 25.80
Employment Change 235.00 Thousand Jul/21 183.00 311.00 -407.00


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.