Name: European Union Labour Costs
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: European Union,Labour Costs,data,chart,actual,historical,values,calendar,forecast,graph,2024,2025,2026

Labour Costs in European Union decreased to 115 points in the first quarter of 2025 from 124 points in the fourth quarter of 2024. Labour Costs in European Union averaged 93.88 points from 2009 until 2025, reaching an all time high of 124.00 points in the fourth quarter of 2024 and a record low of 74.50 points in the first quarter of 2009. source: EUROSTAT

Labour Costs in European Union is expected to be 118.64 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the European Union Labour Costs is projected to trend around 131.42 points in 2026 and 134.45 points in 2027, according to our econometric models.

Related	Last	Previous	Unit	Reference
Employed Persons	200620.00	201167.00	Thousand	Mar 2025
Employment Change	0.10	0.00	percent	Jun 2025
Full Time Employment	164651.20	165223.80	Thousand	Mar 2025
Labor Force Participation Rate	75.40	75.30	percent	Mar 2025
Labour Costs	115.00	124.00	points	Mar 2025
Long Term Unemployment Rate	1.90	1.80	percent	Mar 2025
Part Time Employment	35836.20	35801.70	Thousand	Mar 2025
Population	450.38	449.31	Million	Dec 2025
Productivity	106.95	106.83	points	Jun 2025
Unemployed Persons	13025.00	13190.00	Thousand	Jul 2025
Unemployment Rate	5.90	6.00	percent	Jul 2025
Wage Growth	4.20	4.70	percent	Mar 2025
Youth Unemployment Rate	14.40	14.80	percent	Jul 2025

European Union Labour Costs

The Labour Cost Index in the European Union is a short-term indicator showing the development of hourly labour costs incurred by employers, in nominal terms, that is without adjusting for price developments. It is calculated dividing the labour cost in national currency by the number of hours worked. The quarterly changes in hourly employers’ costs are measured for total labour costs and its main components: wages and salaries; and non-wage costs (labour costs other than wages and salaries). Total labour costs (TOT) cover wage and non-wage costs less subsidies. They do not include vocational training costs or other expenditures such as recruitment costs, spending on working clothes, etc.