Average weekly earnings including bonuses in the UK increased by 6.0% year-on-year to GBP 621 in the three months to September of 2022, below a 6.1% gain in the three months to August which was the highest reading since the three months to May but above market forecasts of 5.9%. Regular pay which excludes bonus payment unexpectedly went up 5.7%, compared with market forecasts and the figure from the previous period of 5.5%. Adjusted for inflation, total pay fell 2.6% while regular pay dropped 2.7%, amid a squeeze in UK living standards. Considering the September month only, average real earnings excluding bonuses were 2.5% lower yoy, the 11th straight month of fall and after a 2.6% decline in August. source: Office for National Statistics

Wage Growth in the United Kingdom averaged 3.07 percent from 2001 until 2022, reaching an all time high of 9.20 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 December of 2022.

Wage Growth in the United Kingdom is expected to be 6.50 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
2022-11-15 07:00 AM Average Earnings incl. Bonus (3Mo/Yr) Sep 6% 6.1% 5.9% 6%
2022-11-15 07:00 AM Average Earnings excl. Bonus (3Mo/Yr) Sep 5.7% 5.5% 5.5% 5.5%
2022-12-13 07:00 AM Average Earnings incl. Bonus (3Mo/Yr) Oct 6%


Related Last Previous Unit Reference
Unemployment Rate 3.60 3.50 percent Sep 2022
Unemployed Persons 1536.20 1532.90 Thousand Oct 2022
Employed Persons 32739.00 32754.00 Thousand Aug 2022
Full Time Employment 24597.00 24609.00 Thousand Aug 2022
Part Time Employment 8142.00 8145.00 Thousand Aug 2022
Claimant Count Change 3.30 3.90 Thousand Oct 2022
Employment Rate 75.50 75.50 percent Aug 2022
Labor Force Participation Rate 78.40 78.30 percent Aug 2022
Youth Unemployment Rate 9.80 9.00 percent Aug 2022
Productivity 101.80 101.40 points Jun 2022
Labour Costs 112.10 109.60 points Mar 2022
Job Vacancies 1225.00 1241.00 Thousand Sep 2022
Wages 621.00 618.00 GBP/Week Sep 2022
Wages in Manufacturing 677.00 672.00 GBP/Week Sep 2022
Wage Growth 6.00 6.10 percent Sep 2022
Population 67.53 67.08 Million Dec 2021
Real Earnings Including Bonuses -2.59 -2.41 percent Sep 2022
Real Earnings Excluding Bonuses -2.52 -2.61 percent Sep 2022
Non Farm Payrolls 74.22 93.60 Thousand Oct 2022
Employment Change -52.00 -109.00 Thousand Aug 2022
Average Weekly Hours 31.70 31.90 Hours Aug 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
6.00 6.10 9.20 -2.70 2001 - 2022 percent Monthly
SA

News Stream
UK Wage Growth Above Expectations
Average weekly earnings including bonuses in the UK increased by 6% year-on-year to GBP 621 in the three months to September of 2022, below a 6.1% gain in the three months to August which was the highest reading since the three months to May but above market forecasts of 5.9%. Meanwhile, regular pay which excludes bonus payment unexpectedly went up 5.7%, the most since August 2021, and compared with market forecasts and the figure from the previous period of 5.5%. Adjusted for inflation, total pay fell 2.6% while regular pay dropped 2.7%, amid a squeeze in UK living standards. Considering the September month only, average real earnings excluding bonuses were 2.5% lower yoy, the 11th straight month of fall and after a 2.6% decline in August.
2022-11-15
UK Wage Growth Beats Estimates
Average weekly earnings including bonuses in the UK increased by 6.0% year-on-year to GBP 617 in the three months to August of 2022, above a 5.5% gain in the three months to July. This was also the highest reading since the three months to May, topping market forecasts of 5.9%. Regular pay which excludes bonus payment went up 5.4%, after a 5.2% rise in the previous period, exceeding expectations of 5.3%. Adjusted for inflation, total pay fell 2.4% while regular pay dropped 2.9%, amid a squeeze in UK living standards. Considering the August month only, average real earnings excluding bonuses were 2.8% lower yoy, the tenth straight month of fall and after a 3.0% decline in July.
2022-10-11
UK Wage Growth Tops Estimates
Average weekly earnings including bonuses in the UK increased by 5.5% year-on-year to GBP 613 in the three months to July of 2022, above an upwardly revised 5.2% in the three months to June and exceeding market forecasts of 5.4%. Regular pay which excludes bonus payment went up 5.2%, after 4.7% rise in the previous period and beating expectations of 5.0%. Adjusted for inflation, total pay fell 2.6% while regular pay dropped 2.8%, amid a squeeze in UK living standards. Considering the July month only, average real earnings excluding bonuses were 3.0% lower yoy, the ninth straight month of fall and after a downwardly revised 2.8% decline in June.
2022-09-13