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Labour share of income, unit labour costs (ULCs), unit wage costs (UWCs) and average labour compensation per hour worked (ALCH).
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Labor cost index in the United Kingdom, March, 2025 The most recent value is 231.11 index points as of March 2025, an increase compared to the previous value of 229.76 index points. Historically, the average for the United Kingdom from January 2000 to March 2025 is 150.22 index points. The minimum of 95.86 index points was recorded in February 2000, while the maximum of 231.11 index points was reached in March 2025. | TheGlobalEconomy.com
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Labour Costs in the United Kingdom increased to 115.80 points in the fourth quarter of 2024 from 113 points in the third quarter of 2024. This dataset 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.
Open Government Licence 3.0http://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/
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Unit labour cost, average labour compensation per hour worked, labour share and unit wage cost for the whole UK economy, unit wage cost for manufacturing.
Open Government Licence 3.0http://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/
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Index of Labour Costs per Hour (ILCH) values and yearly and quarterly growth for industries and sectors, UK, seasonally adjusted.
Official statistics are produced impartially and free from political influence.
In 2023, the cost of work in the construction sector in the United Kingdom (UK) represented around ** percent of that industry's income. This measure, also known as labor share of income, has fallen significantly in 2022 and 2023. The relative cost of staff peaked in 2009, when it represented approximately ** percent of the construction income. Two key factors can affect these figures: the evolution of construction salaries in the UK and the overall income of the industry. In times of inflation, a decline in the labor share of income could signal that the cost of work has increased at a slower pace than construction prices.
The average hourly labor cost in the European Union in 2023 was 31.8 euros, with the highest average among EU member states ranging from 53.9 euros in Luxembourg, to approximately nine euros in Bulgaria.
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Forecast: Labour Costs in Real Estate in the UK 2024 - 2028 Discover more data with ReportLinker!
Official statistics are produced impartially and free from political influence.
According to the forecasts of the staff of the Eurosystem - the group of central banks of countries which use the Euro as their currency - the rate of increase in unit labor costs (the labor cost at which one unit of production is produced) will decrease considerably over the coming years, declining from a rate of 6.1 percent in 2023, to 4.1 percent in 2024 and 2.6 percent in 2025. This decrease in unit labor costs is set to be driven by a slowing in the growth of compensation per employee, which will decline from 5.3 percent in 2023 to 4.6 percent in 2024, coupled with an increase in labor productivity, the total output per person employed.
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Forecast: Labour Costs in Employment Services in the UK 2024 - 2028 Discover more data with ReportLinker!
Open Government Licence 3.0http://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/
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Public sector labour cost estimates for groups of administrative areas across the UK.
This statistic shows the cost of labour in sea fish processing in the United Kingdom (UK) between 2008 and 2014. The cost of labour in sea fish processing decreased over the observed period to approximately *** million British pounds in 2014.
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Forecast: Labour Costs in Travel Services in the UK 2024 - 2028 Discover more data with ReportLinker!
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Forecast: Office Equipment Labour Cost Per Employee FTE in the UK 2024 - 2028 Discover more data with ReportLinker!
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Forecast: Labour Costs in Warehousing and Support Activities for Transportation in the UK 2024 - 2028 Discover more data with ReportLinker!
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Unit labour costs (ULCs) reflect the full labour costs incurred in the production of a unit of economic output, including social security and employers’ pension contributions.
(CDID: LOJE) Year - Unit labour cost and unit wage cost time series Unit labour cost, average labour compensation per hour worked, labour share and unit wage cost for the whole UK economy, unit wage cost for manufacturing.
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Forecast: Juice Labour Cost Per Employee FTE in the UK 2024 - 2028 Discover more data with ReportLinker!
Open Government Licence 3.0http://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/
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Labour share of income, unit labour costs (ULCs), unit wage costs (UWCs) and average labour compensation per hour worked (ALCH).