China Labour Costs  Forecast


Labour Costs in China is expected to be 104.44 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in China to stand at 105.25 in 12 months time. In the long-term, the China Labour Costs is projected to trend around 103.00 Index Points in 2020, according to our econometric models.


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China Labour Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 3.95 4.1 4.2 4.2 4.3 5
Employed Persons 77603 77594 77577 77560 77543 77213
Unemployed Persons 976 971 969 968 965 949
Labour Costs 104 104 105 105 105 103
Job Vacancies 5231000 4797640 5263706 5197074 5088842 5040639
Wages 67569 72200 76300 76300 76300 85300
Wages in Manufacturing 59470 63100 67600 67600 67600 74500
Minimum Wages 2300 2300 2430 2430 2430 2620
Population 1375 1381 1382 1384 1385 1400
Retirement Age Women 50 50 50 50 50 50
Retirement Age Men 60 60 60 60 60 60