Average Weekly Earnings Per Person in the United Kingdom
British Pounds per Week, Annual, Not Seasonally Adjusted
AWEPPUKA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
503.20
Year-over-Year Change
35.56%
Date Range
1/1/1600 - 1/1/2016
Summary
The 'British Pounds per Week, Annual, Not Seasonally Adjusted' series measures the average weekly earnings in British pounds for workers in the United Kingdom. This key economic indicator provides insights into wage growth and the overall strength of the UK labor market.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This annual, not seasonally adjusted series tracks the average nominal earnings per week for employees in the UK. It is a widely followed metric used by economists, policymakers, and businesses to gauge inflationary pressures, consumer spending power, and broader economic conditions.
Methodology
The data is collected through surveys of UK employers by the Office for National Statistics.
Historical Context
Trends in average weekly earnings are closely monitored by the Bank of England and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- The average UK worker earns around £590 per week.
- Annual wage growth has averaged 4% over the past decade.
- Real wages (adjusted for inflation) remain below pre-2008 crisis levels.
FAQs
Q: What does this economic trend measure?
A: The 'British Pounds per Week, Annual, Not Seasonally Adjusted' series tracks the average nominal weekly earnings for employees in the United Kingdom.
Q: Why is this trend relevant for users or analysts?
A: This metric provides key insights into the state of the UK labor market and consumer spending power, which are important considerations for policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the UK's Office for National Statistics.
Q: How is this trend used in economic policy?
A: Trends in average weekly earnings are closely monitored by the Bank of England and other institutions to inform decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: This annual series may have a longer publication lag compared to some higher-frequency labor market indicators.
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Citation
U.S. Federal Reserve, British Pounds per Week, Annual, Not Seasonally Adjusted (AWEPPUKA), retrieved from FRED.