United Kingdom Labour Costs  1977-2017 | Data | Chart | Calendar

UK unit labour costs rose by 2.1 percent compared with a year earlier in the fourth quarter of 2016, slowing from 2.5 percent in the previous three-month period. Labour Costs in the United Kingdom averaged 65.78 Index Points from 1977 until 2016, reaching an all time high of 103 Index Points in the third quarter of 2016 and a record low of 20.70 Index Points in the first quarter of 1977.

United Kingdom Labour Costs
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United Kingdom Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.70 4.70 12.00 3.40 percent [+]
Employed Persons 30668.00 30645.00 30668.00 23187.00 Thousand [+]
Unemployed Persons 765.40 739.90 3090.00 422.60 Thousand [+]
Part Time Employment 8444.00 8516.00 8583.00 5995.00 Thousand [+]
Full Time Employment 23397.00 23338.00 23397.00 19136.00 Thousand [+]
Employment Rate 74.60 74.60 74.60 65.60 percent [+]
Claimant Count Change 25.50 -6.10 142.80 -98.50 Thousand [+]
Labor Force Participation Rate 78.40 78.40 78.50 74.10 percent [+]
Long Term Unemployment Rate 1.30 1.30 4.30 0.90 percent [+]
Youth Unemployment Rate 11.90 12.10 22.30 9.70 percent [+]
Labour Costs 102.60 103.00 103.00 20.70 Index Points [+]
Productivity 102.30 101.90 102.30 44.60 Index Points [+]
Job Vacancies 767.00 761.00 767.00 432.00 Thousand [+]
Wages 509.00 508.00 509.00 306.00 GBP/Week [+]
Wages in Manufacturing 592.00 592.00 592.00 362.00 GBP/Week [+]
Wage Growth 2.30 2.30 6.60 -2.90 percent [+]
Minimum Wages 7.50 7.20 7.50 5.05 GBP/Hour [+]
Population 65.38 64.88 65.38 52.20 Million [+]
Retirement Age Women 63.50 63.00 63.50 60.00 [+]
Retirement Age Men 65.00 65.00 65.00 65.00 [+]
Wages Low Skilled 1190.00 1220.00 1260.00 1160.00 GBP/Month [+]
Wages High Skilled 2140.00 2190.00 2190.00 2040.00 GBP/Month [+]
Living Wage Family 1152.50 1141.20 1360.00 1006.10 GBP/Month [+]
Living Wage Individual 1043.60 1019.80 1043.60 878.80 GBP/Month [+]
Average Weekly Hours 32.40 32.30 33.50 31.30 Hours [+]
Employment Change 0.10 0.20 0.80 -0.90 percent [+]


United Kingdom Labour Costs Notes

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”. 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 - actual data, historical chart and calendar of releases - was last updated on April of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
102.60 103.00 103.00 20.70 1977 - 2016 Index Points Quarterly
SA, 2013=100



Last
Australia 99.30 Dec/16
Austria 111.30 Dec/16
Belgium 108.30 Dec/16
Brazil 140.21 Mar/17
Bulgaria 113.96 Dec/16
Canada 116.36 Dec/16
China 103.60 Mar/17
Croatia 88.70 Dec/16
Cyprus 105.11 Dec/16
Czech Republic 110.39 Dec/16
Denmark 107.22 Dec/16
Estonia 122.25 Dec/16
Euro Area 112.20 Dec/16
European Union 111.50 Dec/16
Finland 111.08 Dec/16
France 107.10 Dec/16
Germany 111.17 Dec/16
Greece 95.10 Dec/16
Hong Kong 134.60 Sep/16
Hungary 113.40 Dec/16
Ireland 81.10 Dec/16
Italy 105.44 Dec/16
Latvia 125.26 Sep/16
Lithuania 129.70 Dec/16
Luxembourg 118.95 Jan/17
Malta 105.19 Dec/16
Mauritius 130.10 Dec/15
Mexico 70.90 Feb/17
Netherlands 103.90 Dec/16
New Zealand 1137.00 Dec/16
Norway 115.30 Dec/16
Poland 106.50 Sep/16
Portugal 102.10 Dec/16
Romania 87.50 Dec/16
Serbia 108.04 Dec/16
Singapore 118.80 Dec/16
Slovakia 113.00 Dec/16
Slovenia 107.10 Dec/16
South Africa 139.90 Sep/16
South Korea 138.70 Sep/16
Spain 104.30 Dec/16
Sweden 126.00 Dec/16
Taiwan 211.37 Jan/17
Thailand 102.66 Sep/16
Turkey 210.46 Dec/16
United Kingdom 102.60 Dec/16
United States 111.21 Dec/16