European Union Labour Costs - Forecast

Labour Costs in European Union is expected to be 105.21 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 European Union to stand at 112.05 in 12 months time. In the long-term, the European Union Labour Costs is projected to trend around 110.96 Index Points in 2020, according to our econometric models.


European Union Labour Costs
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European Union Labour Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployed Persons 17961 17989 18016 18044 18071 18378
Long Term Unemployment Rate 3.3 3.34 3.35 3.37 3.39 3.56
Labour Costs 107 105 111 106 112 111
Labor Force Participation Rate 58.2 57.66 57.95 58.05 57.82 57.82
Part Time Employment 42682 42625 42649 42599 42596 42410
Population 512 513 513 513 513 516
Productivity 105 105 105 104 106 105
Retirement Age Men 64.52 64 64 64 64 64
Retirement Age Women 62.63 63 63 63 63 63
Employed Persons 229533 225945 226976 227515 226608 224829
Employment Change 0.3 0.21 0.18 0.16 0.15 0.17
Full Time Employment 180981 177657 178884 179577 177834 174512
Unemployment Rate 7.3 7.5 7.4 7.3 7.1 6.2
Wage Growth 2.1 2.08 1.69 1.77 1.74 1.83
Youth Unemployment Rate 16.1 15.88 15.84 15.91 16.05 17.98