Labour share of income, unit labour costs (ULCs), unit wage costs (UWCs) and average labour compensation per hour worked (ALCH).

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.

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

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.

Index of Labour Costs per Hour (ILCH) values and yearly growth for industries and sectors, UK, non-seasonally adjusted.

Forecast: Labour Costs in Real Estate in the UK 2024 - 2028 Discover more data with ReportLinker!

Forecast: Labour Costs in Employment Services in the UK 2024 - 2028 Discover more data with ReportLinker!

In 2024, 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, 2023, and 2024. 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.

Public sector labour cost estimates for groups of administrative areas across the UK.

In April 2025, the UK minimum wage for adults over the age of 21 in will be 12.21 pounds per hour. For the 2025/26 financial year, there will be four minimum wage categories, three of which are based on age and one for apprentice workers. Apprentices, and workers under the age of 18 will have a minimum wage of 7.55 pounds an hour, increasing to ten pounds for those aged 18 to 20. When the minimum wage was first introduced in 1999, there were just two age categories; 18 to 21, and 22 and over. This increased to three categories in 2004, four in 2010, and five between 2016 and 2023, before being reduced down to four in the most recent year. The living wage The living wage is an alternative minimum wage amount that employers in the UK can voluntarily pay their employees. It is calculated independently of the legal minimum wage and results in a higher value figure. In 2023/24, for example, the living wage was twelve pounds an hour for the UK as a whole and 13.15 for workers in London, where the cost of living is typically higher. This living wage is different from what the UK government has named the national living wage, which was 10.42 in the same financial year. Between 2011/12 and 2023/24, the living wage has increased by 4.80 pounds, while the London living wage has grown by 4.85 pounds. Wage growth cancelled-out by high inflation 2021-2023 For a long period between the middle of 2021 and late 2023, average wage growth in the UK was unable to keep up with record inflation levels, resulting in the biggest fall in disposable income since 1956. Although the UK government attempted to mitigate the impact of falling living standards through a series of cost of living payments, the situation has still been very difficult for households. After peaking at 11.1 percent in October 2022, the UK's inflation rate remained in double figures until March 2023, and did not fall to the preferred rate of two percent until May 2024. As of November 2024, regular weekly pay in the UK was growing by 5.6 percent in nominal terms, and 2.5 percent when adjusted for inflation.

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.

Graph and download economic data for Unit Labor Costs in Manufacturing, U.S. Dollar Basis, in the United Kingdom (DISCONTINUED) (GBRULCM) from 1950 to 2011 about unit labor cost, United Kingdom, and manufacturing.

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.

Forecast: Juice Labour Cost Per Employee FTE in the UK 2024 - 2028 Discover more data with ReportLinker!

Graph and download economic data for Benchmarked Unit Labor Costs - Market Services for the United Kingdom (DISCONTINUED) (ULQBBU07GBQ661S) from Q1 1980 to Q1 2011 about unit labor cost, United Kingdom, labor, and services.

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.

Graph and download economic data for Benchmarked Unit Labor Costs - Industry for United Kingdom (DISCONTINUED) (GBRULCINDAPNMEI) from 1971 to 2010 about unit labor cost, United Kingdom, industry, and rate.