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

Hourly labour costs in the Euro Area went up 1.6 percent year-on-year in the third quarter of 2017, easing from a 1.8 percent increase in the previous period and missing market expectations of 2 percent. Wages and salaries per hour worked grew by 1.6 percent, following a 2.1 percent advance in the previous period and the non-wage component went up 1.5 percent after a 0.8 percent gain. Labour costs growth slowed in Germany (2.2 percent from 2.3 percent in Q2), Italy (0.5 percent from 0.7 percent) and Spain (0.1 percent from 0.4 percent); while costs went up at a faster pace in France (1.7 percent from 1.4 percent) and Ireland (2.3 percent from 1.9 percent). Labour Costs in the Euro Area averaged 99.79 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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Euro Area Labour Last Previous Highest Lowest Unit
Unemployment Rate 8.70 8.70 12.10 7.30 percent [+]
Unemployed Persons 14034.00 14163.00 19193.00 11368.00 Thousand [+]
Employed Persons 156.28 155.68 156.28 117.36 Million [+]
Long Term Unemployment Rate 4.20 4.40 6.30 2.70 percent [+]
Youth Unemployment Rate 17.90 18.20 24.80 14.80 percent [+]
Productivity 104.60 104.20 104.60 82.60 Index Points [+]
Labour Costs 104.20 111.20 112.30 85.10 Index Points [+]
Wage Growth 1.60 2.10 3.40 0.80 percent [+]
Population 341.01 339.89 341.01 260.38 Million [+]
Employment Change 0.40 0.40 0.80 -0.70 percent [+]
Part Time Employment 30972.30 31435.80 31435.80 19769.20 Thousand [+]
Labor Force Participation Rate 57.30 57.10 57.30 55.00 percent [+]
Full Time Employment 115241.00 113328.90 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 February of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
104.20 111.20 112.30 85.10 2008 - 2017 Index Points Quarterly
2012=100, WDA




labour costs by Country
Country Last
Australia 100.50 Sep/17
Brazil 109.75 Dec/17
Canada 114.90 Sep/17
China 104.50 Dec/17
Euro Area 104.20 Sep/17
France 107.40 Sep/17
Germany 112.39 Sep/17
Italy 106.70 Sep/17
Mexico 79.70 Nov/17
Netherlands 98.50 Sep/17
South Korea 145.80 Sep/17
Spain 96.60 Sep/17
Turkey 240.32 Sep/17
United Kingdom 104.90 Sep/17
United States 108.93 Dec/17


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