Germany Labour Costs  Forecast


Labour Costs in Germany is expected to be 114.00 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 Germany to stand at 117.00 in 12 months time. In the long-term, the Germany Labour Costs is projected to trend around 126.00 Index Points in 2020, according to our econometric models.


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Germany Labour Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 3.6 3.8 3.8 3.9 4 5.1
Employed Persons 44281 44590 44650 44770 44790 45900
Unemployed Persons 2449 2700 2710 2720 2730 3010
Unemployment Change -23 6 12 15 11 15
Long Term Unemployment Rate 1.7 1.7 1.7 1.8 1.8 2.3
Youth Unemployment Rate 6.4 6.7 6.7 6.8 6.8 7.9
Productivity 106 107 108 109 110 113
Labour Costs 112 114 115 116 117 126
Job Vacancies 684 699 689 691 687 640
Wages 3745 3860 3880 3900 3920 4110
Wages in Manufacturing 161 114 115 116 117 126
Wage Growth 1.2 1 1.1 1.2 1.2 1.8
Minimum Wages 8.84 8.84 9.5 9.5 9.5 10.5
Population 82.8 82.8 83.1 83.1 83.1 83.75
Retirement Age Women 65.42 65.42 65.6 65.6 65.6 66
Retirement Age Men 65.42 65.42 65.6 65.6 65.43 66
Employment Change 0.3 0.5 0.5 0.5 0.18 0.2
Employment Rate 74.8 75.4 75.5 75.5 75.6 75.4
Full Time Employment 29311 30200 30300 30400 30500 32500
Part Time Employment 10850 11100 11200 11300 11400 13500
Labor Force Participation Rate 60.8 61.4 61.6 61.8 62 64
Living Wage Family 1428 1550 1600 1600 1650 1850
Living Wage Individual 1146 1250 1300 1300 1350 1550