Average weekly earnings including bonuses in the UK increased by 5.1% year-on-year to GBP 611 in the three months to June of 2022, below an upwardly revised 6.4% in the three months to May but above market forecasts of 4.5%. Regular pay which excludes bonus payment went up 4.7%, after an upwardly revised 4.4% rise in the previous quarter and beating expectations of 4.5%. Adjusted for inflation, total pay fell 2.5% while regular pay dropped 3.0%, the biggest drop on record, amid a further squeeze in UK living standards. Considering the June month only, average real earnings excluding bonuses were 2.8% lower yoy, the eighth straight month of fall and after a downwardly revised 2.6% decline in May. source: Office for National Statistics

Wage Growth in the United Kingdom averaged 3.03 percent from 2001 until 2022, reaching an all time high of 9.10 percent in June of 2021 and a record low of -2.70 percent in March of 2009. This page provides the latest reported value for - United Kingdom Average Weekly Earnings Growth - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United Kingdom Average Weekly Earnings Growth - data, historical chart, forecasts and calendar of releases - was last updated on August of 2022.

Wage Growth in the United Kingdom is expected to be 4.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Average Weekly Earnings Growth is projected to trend around 2.80 percent in 2023 and 2.40 percent in 2024, according to our econometric models.

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United Kingdom Average Weekly Earnings Growth



Calendar GMT Actual Previous Consensus TEForecast
2022-08-16 06:00 AM Average Earnings excl. Bonus (3Mo/Yr) Jun 4.7% 4.4% 4.5% 4.5%
2022-08-16 06:00 AM Average Earnings incl. Bonus (3Mo/Yr) Jun 5.1% 6.4% 4.5% 4.8%
2022-09-13 06:00 AM Average Earnings incl. Bonus (3Mo/Yr) Jul 5.1% 4.6%


Related Last Previous Unit Reference
Unemployment Rate 3.80 3.80 percent Jun 2022
Unemployed Persons 1531.80 1542.40 Thousand Jul 2022
Employed Persons 32792.00 32863.00 Thousand Jul 2022
Part Time Employment 8180.00 8177.00 Thousand May 2022
Full Time Employment 24612.00 24686.00 Thousand May 2022
Claimant Count Change -10.50 -26.80 Thousand Jul 2022
Employment Rate 75.50 75.90 percent May 2022
Labor Force Participation Rate 78.60 78.90 percent May 2022
Youth Unemployment Rate 10.40 10.40 percent May 2022
Productivity 101.70 101.70 points Jun 2022
Labour Costs 109.60 109.70 points Dec 2021
Job Vacancies 1274.00 1295.00 Thousand Jun 2022
Wages 611.00 605.00 GBP/Week Jun 2022
Wages in Manufacturing 664.00 661.00 GBP/Week Jun 2022
Wage Growth 5.10 6.40 percent Jun 2022
Population 67.53 67.08 Million Dec 2021
Real Earnings Including Bonuses -1.90 -3.20 percent Jun 2022
Real Earnings Excluding Bonuses -2.80 -2.60 percent Jun 2022
Non Farm Payrolls 29663.00 29590.00 Thousand Jul 2022
Average Weekly Hours 31.80 31.80 Hours May 2022
Employment Change 160.00 296.00 Thousand May 2022

United Kingdom Average Weekly Earnings Growth
In the United Kingdom, wage growth refers to changes in average weekly earnings, before tax and other deductions and including bonuses.
Actual Previous Highest Lowest Dates Unit Frequency
5.10 6.40 9.10 -2.70 2001 - 2022 percent Monthly
SA

News Stream
UK Wage Growth Beats Estimates
Average weekly earnings including bonuses in the UK increased by 5.1% year-on-year to GBP 611 in the three months to June of 2022, below an upwardly revised 6.4% in the three months to May but above market forecasts of 4.5%. Regular pay which excludes bonus payment went up 4.7%, after an upwardly revised 4.4% rise in the previous quarter and beating expectations of 4.5%. Adjusted for inflation, total pay fell 2.5% while regular pay dropped 3.0%, the biggest drop on record, amid a further squeeze in UK living standards. Considering the June month only, average real earnings excluding bonuses were 2.8% lower yoy, the eighth straight month of fall and after a downwardly revised 2.6% decline in May.
2022-08-16
UK Wage Growth Below Estimates
Average weekly earnings including bonuses in the UK increased by 6.2% year-on-year to GBP 601 in the three months to May of 2022, below 6.8% in the three months to April and less than market forecasts of 6.7%. Regular pay which excludes bonus payment went up 4.3%, after a 4.2% rise in the previous quarter and matching expectations. Adjusted for inflation, total pay fell 0.9% while regular pay fell 2.8%, the biggest drop on record, amid a further squeeze in UK living standards. Considering the May month only, average real earnings excluding bonuses were 2.9% lower yoy, the seventh straight month of fall, and after a revised 3.5% decline in April which was the steepest decrease since records began in 2001.
2022-07-19
UK Wage Growth Remains Elevated, Real Wages Fall
Average weekly earnings including bonuses in the UK increased by 6.8% year-on-year to GBP 604 in the three months to April of 2022, below 7% in the three months to March and much less than forecasts of 7.6%. Regular pay which excludes bonus payment went up 4.2%, the same as in the previous quarter but above expectations of 4%. Adjusted for inflation, however, growth in total pay was 0.4% but regular pay fell 2.2%, the biggest drop since 2011, continuing to point to a further squeeze in UK living standards. Considering the April month only, average real earnings excluding bonuses were 3.4% lower yoy, the biggest drop since records began in 2001.
2022-06-14