Average weekly earnings including bonuses in the UK increased by 6.8% year-on-year to GBP 604 in the three months to April of 2022, below 7% in the three months to March and much less than forecasts of 7.6%. Regular pay which excludes bonus payment went up 4.2%, the same as in the previous quarter but above expectations of 4%. Adjusted for inflation, however, growth in total pay was 0.4% but regular pay fell 2.2%, the biggest drop since 2011, continuing to point to a further squeeze in UK living standards. Considering the April month only, average real earnings excluding bonuses were 3.4% lower yoy, the biggest drop since records began in 2001. source: Office for National Statistics

Wage Growth in the United Kingdom averaged 3.01 percent from 2001 until 2022, reaching an all time high of 9 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 July of 2022.

Wage Growth in the United Kingdom is expected to be 6.80 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 2023 and 2.40 percent in 2024, according to our econometric models.

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United Kingdom Average Weekly Earnings Growth



Calendar GMT Actual Previous Consensus TEForecast
2022-06-14 06:00 AM Average Earnings excl. Bonus Apr 4.2% 4.2% 4% 4.1%
2022-06-14 06:00 AM Average Earnings incl. Bonus Apr 6.8% 7% 7.6% 7.5%
2022-07-19 06:00 AM Average Earnings incl. Bonus (3Mo/Yr) May 6.8% 7.8%


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
Wage Growth 6.80 7.00 percent Apr 2022
Wages in Manufacturing 655.00 670.00 GBP/Week Apr 2022
Population 67.08 66.80 Million Dec 2020
Real Earnings Including Bonuses -2.67 3.60 percent Apr 2022
Real Earnings Excluding Bonuses -3.40 -1.90 percent Apr 2022
Employment Change 177.00 83.00 Thousand Mar 2022
Average Weekly Hours 31.90 32.00 Hours Mar 2022
Non Farm Payrolls 29559.00 29524.00 Thousand Mar 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
6.80 7.00 9.00 -2.70 2001 - 2022 percent Monthly
SA

News Stream
UK Wage Growth Remains Elevated, Real Wages Fall
Average weekly earnings including bonuses in the UK increased by 6.8% year-on-year to GBP 604 in the three months to April of 2022, below 7% in the three months to March and much less than forecasts of 7.6%. Regular pay which excludes bonus payment went up 4.2%, the same as in the previous quarter but above expectations of 4%. Adjusted for inflation, however, growth in total pay was 0.4% but regular pay fell 2.2%, the biggest drop since 2011, continuing to point to a further squeeze in UK living standards. Considering the April month only, average real earnings excluding bonuses were 3.4% lower yoy, the biggest drop since records began in 2001.
2022-06-14
UK Earnings Growth Above Forecasts
Average weekly earnings including bonuses in the UK increased by 7% year-on-year to GBP 615 in the three months to March of 2022, above 5.6% in the previous period and much higher than market forecasts of 5.4%. It was the strongest increase in earnings since the three months to August of 2021. Regular pay which excludes bonus payment went up 4.2%, also above 4.1% in the three months to February and market expectations of 4.1%. Wages in the private sector rose 8.2% and in the public 1.6%. Adjusted for inflation, however, growth in total pay was 1.4% and regular pay fell on the year by 1.2%, the biggest drop since 2013, continuing to point to a further squeeze in UK living standards.
2022-05-17
UK Earnings Growth Matches Forecasts
Average weekly earnings including bonuses in the UK increased 5.4% year-on-year to GBP 598 in the three months to February of 2022, above 4.8% in the previous period and in line with market forecasts of 5.4%. Regular pay which excludes bonus payment went up 4%, also above 3.8% in the three months to January, and matching expectations. Wages in the private sector rose 6.2% and in the public 1.9%. Adjusted for inflation however, growth in total pay was 0.4% and regular pay fell on the year by 1%, continuing to point to a further squeeze in UK living standards. Using the ONS's CPI measure of inflation, pay excluding bonuses fell by 1.7%, the biggest drop since 2013. Strong bonus payments over the past six months have kept recent real total pay growth positive.
2022-04-12