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

Hourly labour costs in the Euro Area went up 1.5 percent year-on-year in the fourth quarter of 2017, easing from a 1.6 percent rise in the prior period and missing market expectations of 1.8 percent. The non-wage component rose 1 percent after growing 1.5 percent in the previous period while wages and salaries per hour worked were up 1.7 percent, following a 1.6 percent gain in Q3. Labour costs growth slowed in Germany (1.5 percent from 2.2 percent in Q3), Austria (1.7 percent from 1.8 percent), Ireland (2.3 percent from 2.6 percent) while fell in Italy (-0.2 percent from 1.1 percent). In contrast, costs advanced at the same pace in France (1.6 percent) and were higher in Greece (3.8 percent from 0.8 percent) and the Netherlands (3.6 percent from 1.3 percent). Labour Costs in the Euro Area averaged 100.15 Index Points from 2008 until 2017, 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 8.50 8.50 12.10 7.30 percent [+]
Unemployed Persons 13716.00 13810.00 19194.00 11409.00 Thousand [+]
Employed Persons 156.65 156.24 156.65 117.36 Million [+]
Long Term Unemployment Rate 4.10 4.20 6.30 2.70 percent [+]
Youth Unemployment Rate 17.30 17.50 24.70 14.80 percent [+]
Productivity 105.00 104.60 105.00 82.60 Index Points [+]
Labour Costs 114.00 104.20 114.00 85.10 Index Points [+]
Wage Growth 1.70 1.60 3.40 0.80 percent [+]
Population 341.01 339.89 341.01 260.38 Million [+]
Employment Change 0.30 0.40 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 May of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
114.00 104.20 114.00 85.10 2008 - 2017 Index Points Quarterly
2012=100, WDA




labour costs by Country
Country Last
Australia 101.20 Dec/17
Brazil 136.28 Mar/18
Canada 116.91 Dec/17
China 103.50 Mar/18
Euro Area 114.00 Dec/17
France 107.20 Dec/17
Germany 113.00 Dec/17
Italy 104.90 Dec/17
Mexico 85.00 Mar/18
Netherlands 104.10 Dec/17
South Korea 145.80 Sep/17
Spain 105.10 Dec/17
Turkey 239.21 Dec/17
United Kingdom 105.50 Dec/17
United States 109.97 Mar/18


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