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

Hourly labour costs in the Euro Area went up 1.8 percent year-on-year in the second quarter of 2017, the biggest gain since the first three months of 2016 and following a downwardly revised 1.4 percent increase in the previous period. Wages and salaries per hour worked grew by 2 percent, the most since the first quarter of 2015 and above a downwardly revised 1.3 percent in the previous period. The non-wage component went up 0.8 percent, below 1.6 percent in the first quarter. By sector, labour costs increased 1.5 percent in industry; 2 percent in construction; 2.1 percent in services and 1.4 percent in the nonbusiness economy. Labour costs went up in Germany (2.3 percent compared to 2.2 percent in Q1); France (1.4 percent compared to 1.1 percent) and Italy (0.9 percent compared to 0.8 percent). Labour Costs in the Euro Area averaged 99.67 Index Points from 2008 until 2017, reaching an all time high of 112.30 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
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Calendar GMT Actual Previous Consensus TEForecast
2017-03-20 10:00 AM Labour Cost Index YoY 1.6% 1.4% 1.6% 1.6%
2017-06-16 09:00 AM Labour Cost Index YoY 1.5% 1.5% 1.7%
2017-09-15 09:00 AM Labour Cost Index YoY 1.80% 1.40% 1.6%
2017-12-19 10:00 AM Labour Cost Index YoY 1.8%


Euro Area Labour Last Previous Highest Lowest Unit
Unemployment Rate 8.90 9.00 12.10 7.30 percent [+]
Unemployed Persons 14402.00 14642.00 19153.00 11368.00 Thousand [+]
Employed Persons 155.60 154.77 155.60 117.36 Million [+]
Long Term Unemployment Rate 4.70 4.80 6.30 2.70 percent [+]
Youth Unemployment Rate 18.70 18.80 24.70 14.80 percent [+]
Productivity 104.20 103.80 104.20 82.60 Index Points [+]
Labour Costs 111.10 100.40 112.30 85.10 Index Points [+]
Wage Growth 2.00 1.30 3.40 0.70 percent [+]
Population 341.01 339.89 341.01 260.38 Million [+]
Employment Change 0.40 0.50 0.80 -0.70 percent [+]
Part Time Employment 31212.80 31035.80 31212.80 19769.20 Thousand [+]
Labor Force Participation Rate 56.80 57.10 57.30 55.00 percent [+]
Full Time Employment 111779.20 112684.40 118857.50 107450.40 Thousand [+]
Retirement Age Men 64.54 64.47 64.63 62.37 [+]
Retirement Age Women 64.32 64.20 64.32 61.61 [+]


Euro Area Labour Costs

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 November of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
111.10 100.40 112.30 85.10 2008 - 2017 Index Points Quarterly
2012=100, WDA




labour costs by Country
Country Last
Australia 99.80 Jun/17
Brazil 140.43 Sep/17
Canada 114.65 Jun/17
China 104.00 Sep/17
Euro Area 111.10 Jun/17
France 107.30 Jun/17
Germany 111.97 Jun/17
Italy 106.70 Jun/17
Mexico 85.70 Sep/17
Netherlands 115.10 Jun/17
South Korea 148.10 Mar/17
Spain 101.70 Jun/17
Turkey 232.11 Jun/17
United Kingdom 104.90 Jun/17
United States 108.96 Sep/17