United Kingdom: Labor cost

* indicates monthly or quarterly data series
The most recent value is 222.63 index points as of September 2024, an increase compared to the previous value of 221.83 index points. Historically, the average for the United Kingdom from January 2000 to September 2024 is 148.6 index points. The minimum of 95.86 index points was recorded in February 2000, while the maximum of 222.63 index points was reached in September 2024. Click on the following link to see the values of: Labor cost around the world.
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* indicates monthly or quarterly data series

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  • Measure: index points
  • Source: Office for National Statistics of the United Kingdom

Recent values United Kingdom: Labor cost index
2024  Sep 222.63
2024  Aug 221.83
2024  Jul 220.75
2024  Jun 220.33
2024  May 219.9
2024  Apr 219.57
2024  Mar 218.75
2024  Feb 217.05


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Definition: The index reflects the level of the total compensation of employees in the economy. Labor costs are defined as core expenditure borne by employers for the purpose of employing staff. They include employee compensation, with wages and salaries in cash and in kind, employers' social security contributions and employment taxes regarded as labor costs minus any subsidies received.

 Related indicators Latest Reference Measure
 Labor force 35.19 2023 million people
 Unemployment rate 4.05 2023 percent
 Female unemployment 3.83 2023 percent
 Male unemployment 4.26 2023 percent
 Youth unemployment 12.54 2023 percent
 Labor force participation 62.34 2023 percent
 Labor force: percent female 47.61 2023 percent
 Female labor force participation 58.26 2023 percent
 Male labor force participation 66.58 2023 percent
 Hours worked 1,524.00 2023 hours
 Self-employment 15.67 2022 percent
 Employment 33.77 9/2024 million employed people
 Unemployment rate 4.30 9/2024 percent
 Labor cost 222.63 9/2024 index points
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