Macroeconomics Data

Unit Labour Cost Per Worker

Description:

The Index of Labour Costs per Hour is an experimental quarterly measure to estimate the changes in the cost incurred for an hourly unit of labour provided by an employee to an employer. It is calculated using information based on the Monthly Wages and Salaries Survey (MWSS), which samples 8,500 firms in Great Britain. It is produced by the Office for National Statistics (ONS) and provides a key measure of inflation.

Source:

ONS

Release:

Labour Market Statistics

Website:

http://www.ons.gov.uk/ons/taxonomy/index.html?nscl=Productivity

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