Euro Area Labour Costs  2008-2016 | Data | Chart | Calendar | Forecast

Hourly labour costs in the Euro Area went up 1 percent year-on-year in the second quarter of 2016, the lowest gain in more than 2 years and well below market expectations of a 1.5 percent rise. Wages and salaries per hour worked went up 0.9 percent, the smallest increase in 6 years and the non-wage component rose 1.4 percent. By sector, hourly labour costs went up 0.9 percent in industry, 1.5 percent in construction, 0.9 percent in services and 1.1 percent in the non-business economy. Among EU countries, the highest annual increases in hourly labour costs for the whole economy were registered in Romania (+12 percent), Latvia (+9.5 percent), Bulgaria (+7.3 percent) and Lithuania (+6.6 percent). Decreases were recorded in Finland (-2 percent), Italy and Luxembourg (both -1.1 percent). Labour Costs in Euro Area averaged 98.74 Index Points from 2008 until 2016, reaching an all time high of 110.50 Index Points in the fourth quarter of 2015 and a record low of 84.80 Index Points in the first quarter of 2008.

Euro Area Labour Costs
Receive the next reported value for Euro Area Labour Costs in you Inbox



We will not not share your email with third parties and you can unsubscribe at any time.
Please Paste this Code in your Website
Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-03-18 10:00 AM Q4 1.3% 1.1% 1.5% 1.2%
2016-06-17 09:00 AM Q1 1.7% 1.3% 1.4%
2016-09-16 09:00 AM Q2 1% 1.6% 1.5% 1.8%
2016-12-16 10:00 AM Q3 1%
2017-03-17 10:00 AM Q4
2017-06-16 09:00 AM Q1




Euro Area Labour Last Previous Highest Lowest Unit
Unemployment Rate 9.80 9.90 12.10 7.20 percent [+]
Unemployed Persons 16057.00 16199.00 19167.00 11295.00 Thousand [+]
Employed Persons 153.27 152.68 153.27 117.36 Million [+]
Long Term Unemployment Rate 5.00 5.20 6.30 2.70 percent [+]
Youth Unemployment Rate 20.70 20.70 24.60 15.10 percent [+]
Productivity 103.00 103.10 103.10 82.60 Index Points [+]
Labour Costs 109.20 99.00 110.50 84.80 Index Points [+]
Wages 1681.00 1676.00 1681.00 1302.00 EUR/Month [+]
Wage Growth 0.90 1.70 3.40 0.90 percent [+]
Population 338.47 337.47 338.47 260.38 Million [+]
Full Time Employment 112073.10 110334.50 118857.50 107450.40 Thousand [+]
Employment Change 0.40 0.40 0.80 -0.70 percent [+]
Part Time Employment 30948.50 30925.70 30948.50 19769.20 Thousand [+]
Labor Force Participation Rate 57.00 56.80 57.30 55.00 percent [+]
Retirement Age Men 64.63 64.48 64.63 62.47 [+]
Retirement Age Women 63.94 63.77 63.94 61.59 [+]



Euro Area Labour Costs Notes

In the Euro Area, unit labour costs are a measure of total labour costs per unit of output calculated as the ratio of compensation per employee to labour productivity (defined as GDP per person employed). This page provides the latest reported value for - Euro Area Labour Costs - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Area Labour Costs - actual data, historical chart and calendar of releases - was last updated on December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
109.20 99.00 110.50 84.80 2008 - 2016 Index Points Quarterly
2012=100



Last
Australia 99.90 Jun/16
Austria 108.90 Sep/16
Belgium 108.40 Jun/16
Brazil 139.55 Oct/16
Bulgaria 126.97 Jun/16
Canada 116.47 Jun/16
China 103.30 Sep/16
Croatia 99.20 Jun/16
Cyprus 88.98 Jun/16
Czech Republic 104.46 Jun/16
Denmark 111.11 Jun/16
Estonia 124.38 Jun/16
Euro Area 109.20 Jun/16
European Union 108.80 Jun/16
Finland 112.30 Jun/16
France 106.60 Jun/16
Germany 110.47 Sep/16
Greece 87.60 Jun/16
Hong Kong 135.90 Jun/16
Hungary 118.50 Jun/16
Ireland 86.50 Jun/16
Italy 110.69 Jun/16
Latvia 123.39 Jun/16
Lithuania 122.20 Jun/16
Luxembourg 120.96 Aug/16
Malta 118.71 Jun/16
Mauritius 130.10 Dec/15
Mexico 75.80 Sep/16
Netherlands 115.50 Jun/16
New Zealand 1132.00 Sep/16
Norway 123.20 Sep/16
Poland 104.30 Jun/16
Portugal 98.00 Jun/16
Romania 110.10 Jun/16
Serbia 104.75 Aug/16
Singapore 110.90 Sep/16
Slovakia 104.00 Jun/16
Slovenia 103.20 Jun/16
South Africa 155.50 Mar/16
South Korea 123.30 Jun/16
Spain 101.90 Jun/16
Sweden 123.30 Aug/16
Taiwan 98.16 Sep/16
Thailand 104.07 Jun/16
Turkey 203.61 Jun/16
United Kingdom 101.70 Jun/16
United States 109.90 Sep/16