Labour Costs in the United Kingdom increased to 109.70 points in the fourth quarter of 2019 from 109 points in the third quarter of 2019. Labour Costs in the United Kingdom averaged 68.36 points from 1977 until 2019, reaching an all time high of 109.70 points in the fourth quarter of 2019 and a record low of 20.90 points in the first quarter of 1977. In the UK, unit labour costs (ULCs) reflect the full labour costs, including social security and employers’ pension contributions, incurred in the production of a unit of economic output. Changes in labour costs are a large factor in overall changes in the cost of production. If increased costs are not reflected in increased output, for instance, this can put upward pressure on the prices of goods and services – sometimes referred to as “inflationary pressure”. This page provides the latest reported value for - United Kingdom Labour Costs - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.