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United Kingdom Average Earnings Excluding Bonus
Price
The current value of the Average Earnings Excluding Bonus in United Kingdom is 5.4 %. The Average Earnings Excluding Bonus in United Kingdom decreased to 5.4 % on 6/1/2024, after it was 5.8 % on 5/1/2024. From 3/1/2001 to 7/1/2024, the average GDP in United Kingdom was 3.27 %. The all-time high was reached on 7/1/2023 with 7.9 %, while the lowest value was recorded on 6/1/2020 with -0.2 %.
Average Earnings Excluding Bonus ·
3 years
5 years
10 years
25 Years
Max
| Average earnings excluding bonus | |
|---|---|
| 3/1/2001 | 3.9 % |
| 4/1/2001 | 4.5 % |
| 5/1/2001 | 4.9 % |
| 6/1/2001 | 5 % |
| 7/1/2001 | 5.1 % |
| 8/1/2001 | 5.3 % |
| 9/1/2001 | 5.2 % |
| 10/1/2001 | 5 % |
| 11/1/2001 | 4.8 % |
| 12/1/2001 | 4.7 % |
| 1/1/2002 | 4.6 % |
| 2/1/2002 | 4.7 % |
| 3/1/2002 | 4.8 % |
| 4/1/2002 | 4.7 % |
| 5/1/2002 | 4.4 % |
| 6/1/2002 | 4.2 % |
| 7/1/2002 | 4.2 % |
| 8/1/2002 | 3.9 % |
| 9/1/2002 | 3.5 % |
| 10/1/2002 | 3.2 % |
| 11/1/2002 | 3.2 % |
| 12/1/2002 | 3 % |
| 1/1/2003 | 3.1 % |
| 2/1/2003 | 3.1 % |
| 3/1/2003 | 3 % |
| 4/1/2003 | 2.9 % |
| 5/1/2003 | 3.1 % |
| 6/1/2003 | 3.1 % |
| 7/1/2003 | 3 % |
| 8/1/2003 | 3.1 % |
| 9/1/2003 | 3.4 % |
| 10/1/2003 | 3.7 % |
| 11/1/2003 | 3.7 % |
| 12/1/2003 | 3.9 % |
| 1/1/2004 | 3.8 % |
| 2/1/2004 | 3.7 % |
| 3/1/2004 | 3.4 % |
| 4/1/2004 | 3.4 % |
| 5/1/2004 | 3.5 % |
| 6/1/2004 | 3.6 % |
| 7/1/2004 | 3.7 % |
| 8/1/2004 | 3.8 % |
| 9/1/2004 | 3.8 % |
| 10/1/2004 | 3.8 % |
| 11/1/2004 | 3.8 % |
| 12/1/2004 | 3.9 % |
| 1/1/2005 | 4 % |
| 2/1/2005 | 4.1 % |
| 3/1/2005 | 4.3 % |
| 4/1/2005 | 4.3 % |
| 5/1/2005 | 4.3 % |
| 6/1/2005 | 4.2 % |
| 7/1/2005 | 4.3 % |
| 8/1/2005 | 4.3 % |
| 9/1/2005 | 4.5 % |
| 10/1/2005 | 4.4 % |
| 11/1/2005 | 4.4 % |
| 12/1/2005 | 4.1 % |
| 1/1/2006 | 4 % |
| 2/1/2006 | 4 % |
| 3/1/2006 | 4 % |
| 4/1/2006 | 3.9 % |
| 5/1/2006 | 3.8 % |
| 6/1/2006 | 4 % |
| 7/1/2006 | 3.9 % |
| 8/1/2006 | 3.7 % |
| 9/1/2006 | 3.5 % |
| 10/1/2006 | 3.7 % |
| 11/1/2006 | 3.9 % |
| 12/1/2006 | 4.1 % |
| 1/1/2007 | 3.9 % |
| 2/1/2007 | 3.9 % |
| 3/1/2007 | 3.9 % |
| 4/1/2007 | 4 % |
| 5/1/2007 | 4.1 % |
| 6/1/2007 | 4.1 % |
| 7/1/2007 | 4.3 % |
| 8/1/2007 | 4.5 % |
| 9/1/2007 | 4.6 % |
| 10/1/2007 | 4.4 % |
| 11/1/2007 | 4.2 % |
| 12/1/2007 | 4 % |
| 1/1/2008 | 4.1 % |
| 2/1/2008 | 4.1 % |
| 3/1/2008 | 4.2 % |
| 4/1/2008 | 4.4 % |
| 5/1/2008 | 4.2 % |
| 6/1/2008 | 4 % |
| 7/1/2008 | 3.6 % |
| 8/1/2008 | 3.4 % |
| 9/1/2008 | 3.3 % |
| 10/1/2008 | 3.4 % |
| 11/1/2008 | 3.4 % |
| 12/1/2008 | 3.3 % |
| 1/1/2009 | 3.1 % |
| 2/1/2009 | 2.9 % |
| 3/1/2009 | 2.5 % |
| 4/1/2009 | 2.2 % |
| 5/1/2009 | 2.1 % |
| 6/1/2009 | 2 % |
| 7/1/2009 | 1.9 % |
| 8/1/2009 | 1.6 % |
| 9/1/2009 | 1.3 % |
| 10/1/2009 | 1.2 % |
| 11/1/2009 | 1.1 % |
| 12/1/2009 | 1.1 % |
| 1/1/2010 | 1.4 % |
| 2/1/2010 | 1.6 % |
| 3/1/2010 | 1.8 % |
| 4/1/2010 | 1.7 % |
| 5/1/2010 | 1.6 % |
| 6/1/2010 | 1.3 % |
| 7/1/2010 | 1.6 % |
| 8/1/2010 | 1.9 % |
| 9/1/2010 | 2.2 % |
| 10/1/2010 | 2.2 % |
| 11/1/2010 | 2.3 % |
| 12/1/2010 | 2.2 % |
| 1/1/2011 | 2.2 % |
| 2/1/2011 | 2.1 % |
| 3/1/2011 | 2 % |
| 4/1/2011 | 2 % |
| 5/1/2011 | 2 % |
| 6/1/2011 | 2.1 % |
| 7/1/2011 | 2 % |
| 8/1/2011 | 1.7 % |
| 9/1/2011 | 1.6 % |
| 10/1/2011 | 1.7 % |
| 11/1/2011 | 1.8 % |
| 12/1/2011 | 1.9 % |
| 1/1/2012 | 1.6 % |
| 2/1/2012 | 1.5 % |
| 3/1/2012 | 1.5 % |
| 4/1/2012 | 1.7 % |
| 5/1/2012 | 1.7 % |
| 6/1/2012 | 1.8 % |
| 7/1/2012 | 1.8 % |
| 8/1/2012 | 2 % |
| 9/1/2012 | 1.8 % |
| 10/1/2012 | 1.6 % |
| 11/1/2012 | 1.4 % |
| 12/1/2012 | 1.3 % |
| 1/1/2013 | 1.2 % |
| 2/1/2013 | 1 % |
| 3/1/2013 | 0.8 % |
| 4/1/2013 | 0.9 % |
| 5/1/2013 | 1 % |
| 6/1/2013 | 1 % |
| 7/1/2013 | 0.9 % |
| 8/1/2013 | 0.8 % |
| 9/1/2013 | 0.7 % |
| 10/1/2013 | 0.7 % |
| 11/1/2013 | 0.7 % |
| 12/1/2013 | 0.9 % |
| 1/1/2014 | 1.1 % |
| 2/1/2014 | 1.3 % |
| 3/1/2014 | 1.1 % |
| 4/1/2014 | 0.7 % |
| 5/1/2014 | 0.6 % |
| 6/1/2014 | 0.5 % |
| 7/1/2014 | 0.6 % |
| 8/1/2014 | 0.8 % |
| 9/1/2014 | 1.1 % |
| 10/1/2014 | 1.5 % |
| 11/1/2014 | 1.7 % |
| 12/1/2014 | 1.6 % |
| 1/1/2015 | 1.5 % |
| 2/1/2015 | 1.8 % |
| 3/1/2015 | 2.2 % |
| 4/1/2015 | 2.6 % |
| 5/1/2015 | 2.7 % |
| 6/1/2015 | 2.7 % |
| 7/1/2015 | 2.8 % |
| 8/1/2015 | 2.7 % |
| 9/1/2015 | 2.4 % |
| 10/1/2015 | 2 % |
| 11/1/2015 | 1.8 % |
| 12/1/2015 | 1.9 % |
| 1/1/2016 | 2.2 % |
| 2/1/2016 | 2.2 % |
| 3/1/2016 | 2.3 % |
| 4/1/2016 | 2.3 % |
| 5/1/2016 | 2.2 % |
| 6/1/2016 | 2.3 % |
| 7/1/2016 | 2.2 % |
| 8/1/2016 | 2.3 % |
| 9/1/2016 | 2.4 % |
| 10/1/2016 | 2.5 % |
| 11/1/2016 | 2.6 % |
| 12/1/2016 | 2.5 % |
| 1/1/2017 | 2.3 % |
| 2/1/2017 | 2 % |
| 3/1/2017 | 1.8 % |
| 4/1/2017 | 1.8 % |
| 5/1/2017 | 2 % |
| 6/1/2017 | 2.1 % |
| 7/1/2017 | 2.2 % |
| 8/1/2017 | 2.1 % |
| 9/1/2017 | 2.2 % |
| 10/1/2017 | 2.3 % |
| 11/1/2017 | 2.3 % |
| 12/1/2017 | 2.4 % |
| 1/1/2018 | 2.5 % |
| 2/1/2018 | 2.8 % |
| 3/1/2018 | 2.9 % |
| 4/1/2018 | 2.9 % |
| 5/1/2018 | 2.8 % |
| 6/1/2018 | 2.7 % |
| 7/1/2018 | 2.9 % |
| 8/1/2018 | 3.1 % |
| 9/1/2018 | 3.2 % |
| 10/1/2018 | 3.3 % |
| 11/1/2018 | 3.3 % |
| 12/1/2018 | 3.4 % |
| 1/1/2019 | 3.5 % |
| 2/1/2019 | 3.4 % |
| 3/1/2019 | 3.4 % |
| 4/1/2019 | 3.4 % |
| 5/1/2019 | 3.6 % |
| 6/1/2019 | 3.9 % |
| 7/1/2019 | 3.9 % |
| 8/1/2019 | 3.8 % |
| 9/1/2019 | 3.6 % |
| 10/1/2019 | 3.5 % |
| 11/1/2019 | 3.3 % |
| 12/1/2019 | 3.2 % |
| 1/1/2020 | 3 % |
| 2/1/2020 | 2.9 % |
| 3/1/2020 | 2.7 % |
| 4/1/2020 | 1.7 % |
| 5/1/2020 | 0.7 % |
| 7/1/2020 | 0.2 % |
| 8/1/2020 | 0.9 % |
| 9/1/2020 | 1.9 % |
| 10/1/2020 | 2.8 % |
| 11/1/2020 | 3.6 % |
| 12/1/2020 | 4.1 % |
| 1/1/2021 | 4.3 % |
| 2/1/2021 | 4.4 % |
| 3/1/2021 | 4.6 % |
| 4/1/2021 | 5.7 % |
| 5/1/2021 | 6.6 % |
| 6/1/2021 | 7.3 % |
| 7/1/2021 | 6.8 % |
| 8/1/2021 | 6 % |
| 9/1/2021 | 5 % |
| 10/1/2021 | 4.3 % |
| 11/1/2021 | 3.8 % |
| 12/1/2021 | 3.7 % |
| 1/1/2022 | 3.8 % |
| 2/1/2022 | 4.1 % |
| 3/1/2022 | 4.3 % |
| 4/1/2022 | 4.2 % |
| 5/1/2022 | 4.4 % |
| 6/1/2022 | 4.7 % |
| 7/1/2022 | 5.2 % |
| 8/1/2022 | 5.4 % |
| 9/1/2022 | 5.7 % |
| 10/1/2022 | 6.1 % |
| 11/1/2022 | 6.5 % |
| 12/1/2022 | 6.7 % |
| 1/1/2023 | 6.7 % |
| 2/1/2023 | 6.7 % |
| 3/1/2023 | 6.9 % |
| 4/1/2023 | 7.3 % |
| 5/1/2023 | 7.5 % |
| 6/1/2023 | 7.8 % |
| 7/1/2023 | 7.9 % |
| 8/1/2023 | 7.9 % |
| 9/1/2023 | 7.8 % |
| 10/1/2023 | 7.2 % |
| 11/1/2023 | 6.7 % |
| 12/1/2023 | 6.2 % |
| 1/1/2024 | 6.1 % |
| 2/1/2024 | 6 % |
| 3/1/2024 | 6 % |
| 4/1/2024 | 6 % |
| 5/1/2024 | 5.8 % |
| 6/1/2024 | 5.4 % |
Average Earnings Excluding Bonus History
| Date | Value |
|---|---|
| 6/1/2024 | 5.4 % |
| 5/1/2024 | 5.8 % |
| 4/1/2024 | 6 % |
| 3/1/2024 | 6 % |
| 2/1/2024 | 6 % |
| 1/1/2024 | 6.1 % |
| 12/1/2023 | 6.2 % |
| 11/1/2023 | 6.7 % |
| 10/1/2023 | 7.2 % |
| 9/1/2023 | 7.8 % |
Similar Macro Indicators to Average Earnings Excluding Bonus
| Name | Current | Previous | Frequency |
|---|---|---|---|
🇬🇧 Average Weekly Hours | 31.9 Hours | 31.9 Hours | 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 points | 121 points | Quarter |
🇬🇧 Labor force participation rate | 78.1 % | 77.8 % | Monthly |
🇬🇧 Minimum Wages | 11.44 GBP/Hour | 10.42 GBP/Hour | Annually |
🇬🇧 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 points | 102 points | Quarter |
🇬🇧 Real Earnings Excluding Bonuses | 1.9 % | 2.3 % | Monthly |
🇬🇧 Real Earnings Including Bonuses | 0.8 % | 0.3 % | Monthly |
🇬🇧 Retirement Age Men | 66 Years | 66 Years | Annually |
🇬🇧 Retirement Age Women | 66 Years | 66 Years | Annually |
🇬🇧 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/Week | 690 GBP/Week | Monthly |
🇬🇧 Wages in Manufacturing | 764 GBP/Week | 759 GBP/Week | Monthly |
🇬🇧 Youth Unemployment Rate | 12.8 % | 13.3 % | Monthly |
In the United Kingdom, Average Earnings Excluding Bonuses represents the changes in average weekly earnings, calculated before taxes and other deductions, and excluding any bonus payments.
Macro pages for other countries in Europe
- 🇦🇱Albania
- 🇦🇹Austria
- 🇧🇾Belarus
- 🇧🇪Belgium
- 🇧🇦Bosnia and Herzegovina
- 🇧🇬Bulgaria
- 🇭🇷Croatia
- 🇨🇾Cyprus
- 🇨🇿Czech Republic
- 🇩🇰Denmark
- 🇪🇪Estonia
- 🇫🇴Faroe Islands
- 🇫🇮Finland
- 🇫🇷France
- 🇩🇪Germany
- 🇬🇷Greece
- 🇭🇺Hungary
- 🇮🇸Island
- 🇮🇪Ireland
- 🇮🇹Italy
- 🇽🇰Kosovo
- 🇱🇻Latvia
- 🇱🇮Liechtenstein
- 🇱🇹Lithuania
- 🇱🇺Luxembourg
- 🇲🇰North Macedonia
- 🇲🇹Malta
- 🇲🇩Moldova
- 🇲🇨Monaco
- 🇲🇪Montenegro
- 🇳🇱Netherlands
- 🇳🇴Norway
- 🇵🇱Poland
- 🇵🇹Portugal
- 🇷🇴Romania
- 🇷🇺Russia
- 🇷🇸Serbia
- 🇸🇰Slovakia
- 🇸🇮Slovenia
- 🇪🇸Spain
- 🇸🇪Sweden
- 🇨🇭Switzerland
- 🇺🇦Ukraine
- 🇦🇩Andorra
What is Average Earnings Excluding Bonus?
At Eulerpool, our focus is on providing high-quality, precise, and actionable macroeconomic data to our users, helping them make informed decisions in financial markets and economic analysis. One of the critical indicators prominently featured on our platform is "Average Earnings Excluding Bonus." This key macroeconomic variable serves as a significant barometer for understanding wage trends, consumer spending potential, and overall economic health within a given economy. Average Earnings Excluding Bonus, often referred to simply as regular pay, represents the typical income earned by employees over a specified period, excluding any additional earnings such as bonuses, overtime payments, or other exceptional income types. This metric provides a purer measure of the baseline wage trends, offering a clearer view of labor market stability and the underlying strength of the economy. Unlike total earnings data, which can be skewed by one-off payments and short-term incentives, Average Earnings Excluding Bonus offers a more stable and reliable indicator for trend analysis. Understanding the importance of this metric requires a deep dive into its components and implications. Average Earnings Excluding Bonus is calculated by summing the regular wages and salaries paid to employees and dividing this total by the number of employees. This straightforward calculation yields a per-employee average of regular pay, offering insights into the typical earnings workers can expect based strictly on their contracted salaries or hourly wages, without the distortion of periodic bonuses. One of the primary advantages of focusing on Average Earnings Excluding Bonus is its ability to reflect more persistent and structural trends in the labor market. For example, during periods of economic expansion, companies may initially boost wages steadily, reflecting broader economic optimism, yet bonuses may vary significantly based on specific performance metrics or short-term profitability. Conversely, in times of economic downturn, while bonuses may be the first to be cut, regular pay adjustments might be more gradual. Hence, by isolating regular earnings, analysts can better gauge the long-term strength and resilience of wage growth. This metric is also invaluable for policymakers, economists, and businesses alike. By monitoring Average Earnings Excluding Bonus, central banks can assess inflationary pressures stemming from wage-growth. Sustained increases in regular pay can indicate higher future consumer spending, thereby potentially fueling inflation. Conversely, stagnation or decline in these earnings can signal economic distress and reduced consumer spending capacity, prompting monetary policy adjustments. Industries and corporations gain critical insights from Average Earnings Excluding Bonus data to inform strategic decision-making regarding investment, hiring, and wage-setting practices. For instance, understanding wage trends in a specific sector can help businesses remain competitive by offering attractive salaries that reflect the industry standard without relying excessively on bonuses, which may not contribute to employee satisfaction and retention in the same way regular, consistent pay does. Moreover, labor unions and workers' advocacy groups use this data to negotiate fair wages and labor contracts. They can present comprehensive evidence of trends in average earnings excluding bonuses to argue for necessary wage adjustments that keep pace with living costs and overall economic conditions. This metric, therefore, becomes a crucial tool in fostering equitable labor relations. From a broader economic perspective, Average Earnings Excluding Bonus is essential for assessing the distribution of economic gains across the labor force. Persistent disparities in wage growth across different sectors or demographic groups can signal underlying issues of inequality and labor market inefficiencies. Consequently, this data is fundamental for crafting policies aimed at inclusive economic growth and workforce development. When examining the implications of Average Earnings Excluding Bonus on consumer behavior, the link between this metric and spending patterns becomes evident. Regular pay forms the bulk of disposable income for most households. Therefore, any significant changes in average regular earnings are likely to have direct impacts on consumer confidence and expenditure. A steady rise in average earnings excluding bonuses can lead to enhanced consumer spending, benefiting sectors such as retail, housing, and services. In contrast, stagnating or declining regular pay can dampen consumer sentiment and spending, potentially impacting overall economic growth. In the context of investment and financial markets, data on Average Earnings Excluding Bonus can also offer predictive insights. For investors, understanding wage trends can inform expectations about corporate profitability, especially in sectors where labor costs are a significant component of overall expenses. For example, if average earnings excluding bonuses are rising rapidly in manufacturing, investors might anticipate potential margin pressures on companies within that sector unless they can pass on higher costs to consumers through price increases. Similarly, sectors reliant on discretionary consumer spending might experience varied performance based on trends in consumer income dictated by this metric. At Eulerpool, our dedication to delivering comprehensive macroeconomic insights ensures that users have access to the most up-to-date and relevant data on Average Earnings Excluding Bonus. By integrating this data with other economic indicators, users can gain a holistic understanding of economic conditions and make better-informed decisions. Our platform's robust analytical tools and detailed data sets enable users to track historical trends, conduct comparative analysis across different regions and sectors, and forecast future wage developments based on current patterns. By leveraging Eulerpool's cutting-edge resources, users can transform complex macroeconomic data into strategic insights, enhancing their ability to navigate economic landscapes effectively. In summary, Average Earnings Excluding Bonus is a pivotal macroeconomic indicator that encapsulates the core trends in wage growth, providing invaluable insights into economic conditions, labor market health, and consumer behavior. At Eulerpool, we prioritize delivering precise and actionable data on this metric to empower our users with the information needed for informed decision-making in economic analysis and financial markets. Through our platform, users can navigate the intricacies of wage dynamics with confidence, supported by the depth and accuracy of our macroeconomic data offerings.