UK unit labour costs rose in the last three months of 2018

Market news

5 April 2019

UK unit labour costs rose in the last three months of 2018

British unit labour costs rose by an annual 3.1 percent in the last three months of 2018, the fastest increase in five years, official data showed on Friday.

The Office for National Statistics also said output-per-hour, a measure of productivity, rose by only 0.5 percent in 2018 as a whole, "well below the annual average of 2 percent experienced before the 2008 economic downturn."

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