Euro Area Labour Costs  2008-2018 | Data | Chart | Calendar | Forecast

Hourly labour costs in the Euro Area went up 2.0 percent year-on-year in the first quarter of 2018, compared to a downwardly revised 1.4 percent increase in the previous period and market expectations of a 1.9 percent gain. It was the highest rise in labour costs since the fourth quarter 2012, as the non-wage component advanced 2.6 percent, up from a 0.8 percent rise in Q4 and wages and salaries per hour worked were up 1.8 percent, after a 1.6 percent gain in the previous period. By economic activity, labour costs rose in industry (2.0%); construction (2.0 percent); services (2.5%) and in the (mainly) non-business economy (1.2%). Labour costs growth picked up mainly in Germany (2.3% from 1.5%); France (1.8% from 1.5%); Austria (4.1% from 1.1%); Greece (4.4% from 3.8%); Ireland (2.7% from 2.6%) and Spain (1.4% from 1.2%). Labour Costs in the Euro Area averaged 100.21 Index Points from 2008 until 2018, reaching an all time high of 114 Index Points in the fourth quarter of 2017 and a record low of 85.10 Index Points in the first quarter of 2008.

Euro Area Labour Costs
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Euro Area Labour Last Previous Highest Lowest Unit
Unemployment Rate 8.40 8.40 12.10 7.30 percent [+]
Unemployed Persons 13558.00 13682.00 19198.00 11404.00 Thousand [+]
Employed Persons 157.21 156.65 157.21 117.36 Million [+]
Long Term Unemployment Rate 4.10 4.20 6.30 2.70 percent [+]
Youth Unemployment Rate 16.80 17.10 24.70 14.80 percent [+]
Productivity 105.30 105.00 105.30 82.60 Index Points [+]
Labour Costs 102.50 114.00 114.00 85.10 Index Points [+]
Wage Growth 1.80 1.60 3.40 0.80 percent [+]
Population 340.72 339.88 340.72 260.38 Million [+]
Employment Change 0.40 0.30 0.80 -0.70 percent [+]
Part Time Employment 31347.80 30970.40 31472.90 19769.20 Thousand [+]
Labor Force Participation Rate 57.30 57.30 57.30 55.00 percent [+]
Full Time Employment 114569.50 115235.60 118899.50 107473.60 Thousand [+]
Retirement Age Men 64.36 64.27 64.36 62.24 [+]
Retirement Age Women 63.96 63.86 63.96 61.66 [+]


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 July of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
102.50 114.00 114.00 85.10 2008 - 2018 Index Points Quarterly
2012=100, WDA




labour costs by Country
Country Last
Australia 101.10 Mar/18
Brazil 105.74 May/18
Canada 117.22 Mar/18
China 103.50 Mar/18
Euro Area 102.50 Mar/18
France 107.30 Mar/18
Germany 113.11 Mar/18
Italy 104.80 Mar/18
Mexico 79.50 Apr/18
Netherlands 101.90 Mar/18
South Korea 145.80 Sep/17
Spain 105.10 Dec/17
Turkey 147.86 Mar/18
United Kingdom 103.80 Mar/18
United States 110.16 Mar/18


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