Euro Area Labour Costs  2008-2017 | Data | Chart | Calendar | Forecast

Hourly labour costs in the Euro Area went up 1.6 percent year-on-year in the fourth quarter of 2016, following a downwardly revised 1.4 percent growth in the previous period and in line with market expectations. Wages and salaries per hour worked increased 1.6 percent, after rising by 1.5 percent in the third quarter, and the non-wage component advanced 1.5 percent, higher than a 1 percent gain in the precedent period. By sector, hourly labour costs went up 1.8 percent in industry, 2.3 percent in construction, 1.5 percent in services and 1.5 percent in the non-business economy. The highest annual increases were registered in Lithuania (10.7 percent), Slovenia (5.8 percent), Estonia (5.7 percent) and Germany (3 percent). Smaller increases were recorded in France (1.3 percent) and Ireland while labour cost was flat in Italy and fell in Greece (-0.5 percent) and Austria (-0.1 percent). Labour Costs in the Euro Area averaged 99.32 Index Points from 2008 until 2016, reaching an all time high of 112.20 Index Points in the fourth quarter of 2016 and a record low of 85.10 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)
2016-09-16 09:00 AM Q2 1% 1.6% 1.5% 1.8%
2016-12-19 10:00 AM Q3 1.5% 1% 1.3%
2017-03-20 10:00 AM Q4 1.6% 1.4% 1.6% 1.6%
2017-06-16 09:00 AM Q1 1.6%
2017-09-15 09:00 AM Q2
2017-12-19 10:00 AM Q3




Euro Area Labour Last Previous Highest Lowest Unit
Unemployment Rate 9.60 9.60 12.10 7.20 percent [+]
Employed Persons 153.88 153.45 153.88 117.36 Million [+]
Unemployed Persons 15500.00 15452.00 19157.00 11336.00 Thousand [+]
Long Term Unemployment Rate 4.80 5.00 6.30 2.70 percent [+]
Youth Unemployment Rate 20.00 20.90 24.70 14.90 percent [+]
Labour Costs 112.20 102.50 112.20 85.10 Index Points [+]
Productivity 103.60 103.40 103.60 82.60 Index Points [+]
Wages 1681.00 1676.00 1681.00 1302.00 EUR/Month [+]
Wage Growth 1.60 1.50 3.40 0.80 percent [+]
Population 339.89 338.52 339.89 260.38 Million [+]
Employment Change 0.30 0.20 0.80 -0.70 percent [+]
Full Time Employment 113544.60 112069.90 118857.50 107450.40 Thousand [+]
Part Time Employment 30655.90 30947.70 30947.70 19769.20 Thousand [+]
Retirement Age Men 64.63 64.48 64.63 62.47 [+]
Retirement Age Women 63.94 63.77 63.94 61.59 [+]
Labor Force Participation Rate 57.20 57.00 57.30 55.00 percent [+]



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 March of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
112.20 102.50 112.20 85.10 2008 - 2016 Index Points Quarterly
2012=100, WDA



Last
Australia 99.30 Dec/16
Austria 111.30 Dec/16
Belgium 108.30 Dec/16
Brazil 135.22 Feb/17
Bulgaria 113.96 Dec/16
Canada 116.36 Dec/16
China 103.40 Dec/16
Croatia 88.70 Dec/16
Cyprus 105.11 Dec/16
Czech Republic 110.39 Dec/16
Denmark 107.22 Dec/16
Estonia 122.25 Dec/16
Euro Area 112.20 Dec/16
European Union 111.50 Dec/16
Finland 111.08 Dec/16
France 107.10 Dec/16
Germany 111.17 Dec/16
Greece 95.10 Dec/16
Hong Kong 134.60 Sep/16
Hungary 113.40 Dec/16
Ireland 79.40 Sep/16
Italy 105.44 Dec/16
Latvia 125.26 Sep/16
Lithuania 129.70 Dec/16
Luxembourg 141.24 Dec/16
Malta 105.19 Dec/16
Mauritius 130.10 Dec/15
Mexico 66.60 Jan/17
Netherlands 103.90 Dec/16
New Zealand 1137.00 Dec/16
Norway 115.30 Dec/16
Poland 106.50 Sep/16
Portugal 102.10 Dec/16
Romania 91.90 Sep/16
Serbia 108.04 Dec/16
Singapore 118.80 Dec/16
Slovakia 113.00 Dec/16
Slovenia 107.10 Dec/16
South Africa 139.90 Sep/16
South Korea 138.70 Sep/16
Spain 96.20 Sep/16
Sweden 126.00 Dec/16
Taiwan 211.37 Jan/17
Thailand 102.66 Sep/16
Turkey 210.46 Dec/16
United Kingdom 102.80 Sep/16
United States 111.21 Dec/16