European Union Labour Costs  Forecast


European Union Labour Costs
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Labour Costs in European Union is expected to be 111.60 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 104.07 in 12 months time. In the long-term, the European Union Labour Costs is projected to trend around 110.79 Index Points in 2020, according to our econometric models.


European Union Labour Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployed Persons 18243 18262 18290 18318 18346 18585
Long Term Unemployment Rate 3.4 3.43 3.45 3.47 3.48 3.6
Labour Costs 111 112 104 111 104 111
Labor Force Participation Rate 58 57.75 57.66 57.94 57.99 57.79
Part Time Employment 43332 42946 42936 42922 42906 42748
Population 512 512 513 513 513 516
Productivity 105 106 104 105 103 105
Retirement Age Men 64.52 64 64 64 64 64
Retirement Age Women 62.63 63 63 63 63 63
Employed Persons 227661 225932 225341 226446 226536 224670
Employment Change 0.4 0.33 0.28 0.24 0.21 0.17
Full Time Employment 178629 176132 175353 175809 175867 173834
Unemployment Rate 7.4 7.6 7.5 7.4 7.3 6.2
Wage Growth 2.4 1.94 2.04 1.68 1.84 1.83
Youth Unemployment Rate 16.5 16.39 16.36 16.43 16.55 17.89