
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.
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* indicates monthly or quarterly data series
- 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 |