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United Kingdom Average Weekly Hours

Price

31.9 Hours
Change +/-
-0.1 Hours
Percentage Change
-0.31 %

The current value of the Average Weekly Hours in United Kingdom is 31.9 Hours. The Average Weekly Hours in United Kingdom decreased to 31.9 Hours on 7/1/2024, after it was 32 Hours on 6/1/2024. From 5/1/1992 to 8/1/2024, the average GDP in United Kingdom was 32.16 Hours. The all-time high was reached on 12/1/1994 with 33.5 Hours, while the lowest value was recorded on 6/1/2020 with 26.1 Hours.

Source: Office for National Statistics

Average Weekly Hours

  • 3 years

  • 5 years

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  • 25 Years

  • Max

Average Weekly Hours

Average Weekly Hours History

DateValue
7/1/202431.9 Hours
6/1/202432 Hours
5/1/202432.1 Hours
4/1/202432 Hours
3/1/202432 Hours
2/1/202432.1 Hours
1/1/202431.9 Hours
12/1/202331.5 Hours
11/1/202331.6 Hours
10/1/202331.4 Hours
1
2
3
4
5
...
39

Similar Macro Indicators to Average Weekly Hours

NameCurrentPreviousFrequency
🇬🇧
Average earnings excluding bonus
5.1 %5.4 %Monthly
🇬🇧
Change in Jobless Claims
23,700 102,300 Monthly
🇬🇧
Employed persons
33.232 M 33.094 M Monthly
🇬🇧
Employment Change
373,000 265,000 Monthly
🇬🇧
Employment rate
75 %74.8 %Monthly
🇬🇧
Full-time employment
24.901 M 24.909 M Monthly
🇬🇧
Inactivity Rate
21.8 %21.9 %Monthly
🇬🇧
Job Opportunities
841,000 856,000 Monthly
🇬🇧
Labor costs
122.3 points121 pointsQuarter
🇬🇧
Labor force participation rate
78.1 %77.8 %Monthly
🇬🇧
Minimum Wages
11.44 GBP/Hour10.42 GBP/HourAnnually
🇬🇧
Non-farm Payrolls
-58,569 -6,195 Monthly
🇬🇧
Part-time work
8.291 M 8.208 M Monthly
🇬🇧
Population
67.6 M 66.98 M Annually
🇬🇧
Productivity
101.8 points102 pointsQuarter
🇬🇧
Real Earnings Excluding Bonuses
1.9 %2.3 %Monthly
🇬🇧
Real Earnings Including Bonuses
0.8 %0.3 %Monthly
🇬🇧
Retirement Age Men
66 Years66 YearsAnnually
🇬🇧
Retirement Age Women
66 Years66 YearsAnnually
🇬🇧
Unemployed Persons
1.629 M 1.578 M Monthly
🇬🇧
Unemployment Rate
4.4 %4.3 %Monthly
🇬🇧
Wage Growth
3.8 %4.1 %Monthly
🇬🇧
Wages
693 GBP/Week690 GBP/WeekMonthly
🇬🇧
Wages in Manufacturing
764 GBP/Week759 GBP/WeekMonthly
🇬🇧
Youth Unemployment Rate
12.8 %13.3 %Monthly

In the United Kingdom, average weekly hours denote the total weekly hours worked divided by the number of employees paid for those hours, encompassing both full-time and part-time employees.

What is Average Weekly Hours?

Average Weekly Hours: A Comprehensive Analysis for Economic Insight Welcome to Eulerpool, your premier source for macroeconomic data analysis. In this exploration, we delve into the fundamental macroeconomic category of 'Average Weekly Hours.' This metric provides invaluable insights into the dynamics of the labor market, influences on productivity, economic growth, and the overall well-being of the workforce. Our aim is to provide a thorough and professional examination of the concept, its implications, and its role within the broader economic landscape. Average Weekly Hours represent the typical number of hours worked by employees in a given week within an economy. This metric is collected and reported by various labor statistics agencies and is utilized by policymakers, economists, business leaders, and researchers to gauge labor market conditions and economic performance. It serves as a critical indicator for assessing the utilization of labor resources and can have profound implications on policy decisions and business strategies. Understanding the historical background of Average Weekly Hours is essential for appreciating its current relevance. Historically, the average number of hours worked has evolved alongside industrial and economic developments. During the early stages of industrialization, long work hours were commonplace. However, social movements and labor laws gradually led to reductions in working hours, ensuring better work-life balance and improved health outcomes for workers. The rise of automation and technological advancements further influenced shifts in average weekly hours, enabling enhanced productivity while reducing manual labor. The calculation of Average Weekly Hours involves surveying employers and employees across various sectors to determine the median or mean number of hours worked per week. This data collection process typically excludes irregular or part-time employment to provide a more accurate representation of full-time workforce engagement. By analyzing this data over time, trends and patterns can be identified, offering valuable insights into labor market behavior and economic cycles. The implications of changes in Average Weekly Hours are vast and multifaceted. For instance, an increase in average weekly hours may indicate a robust economy with high demand for labor. Conversely, a decrease might suggest economic contractions, underemployment, or attempts to achieve better work-life balance through regulatory measures. Business leaders often monitor this metric to inform staffing decisions, operational strategies, and to anticipate changes in production capacity. From a policy perspective, Average Weekly Hours play a pivotal role in shaping labor regulations and social welfare programs. Policymakers may adjust regulations concerning maximum working hours, overtime pay, and benefits to ensure equitable labor practices and protect worker rights. Additionally, changes in this metric can influence decisions on minimum wage adjustments, unemployment benefits, and tax policies, aiming to maintain economic stability and promote sustainable growth. Economic productivity is intricately linked to Average Weekly Hours. Higher average hours can sometimes lead to increased output, especially in labor-intensive industries. However, diminishing returns may set in if prolonged hours lead to worker fatigue, decreased efficiency, and higher error rates. Hence, an optimal balance between sufficient working hours and productivity is crucial. Companies can leverage this balance to enhance employee satisfaction, retain talent, and improve overall operational efficiency. Furthermore, Average Weekly Hours offer significant insights into the quality of life of the workforce. Excessive working hours can lead to adverse health outcomes, increased stress levels, and reduced time for personal and family life. On the other hand, adequate working hours contribute to better mental and physical health, higher job satisfaction, and improved societal well-being. Understanding these human factors allows businesses and policymakers to create environments that foster both economic success and personal fulfillment. The Average Weekly Hours metric also interacts with other macroeconomic variables such as wages, employment rates, and economic output. For example, higher wages might correlate with shorter average weekly hours as workers achieve their income goals without the need for extended work periods. Conversely, lower wages could compel individuals to work longer hours to meet financial necessities. Examining these relationships provides a holistic view of the labor market and aids in developing comprehensive economic policies. Technological advancements continue to reshape the landscape of Average Weekly Hours. Automation, artificial intelligence, and remote working technologies are redefining work structures and schedules. While these technologies hold the promise of reducing the necessity for prolonged working hours, they also present challenges related to job displacement and skill requirements. Adapting to these changes requires a proactive approach from both businesses and policymakers to ensure a smooth transition and to harness the benefits of technological progress. In conclusion, the category of Average Weekly Hours stands as a cornerstone in the analysis of macroeconomic health and labor market dynamics. At Eulerpool, we strive to provide you with detailed, accurate, and insightful data on this and other macroeconomic indicators. By understanding Average Weekly Hours, stakeholders can make informed decisions that enhance economic performance, ensure fair labor practices, and improve the quality of life for workers. This metric's significance transcends beyond mere numbers, influencing policies, business strategies, and societal well-being in profound ways. Thank you for joining us at Eulerpool in exploring this crucial macroeconomic category. We invite you to delve deeper into our comprehensive range of data and analyses to support your endeavors in navigating the complex world of economics. Your success and informed decision-making are our core mission, and we are here to provide you with the tools and insights you need.