Ireland Labour Costs - Forecast

Labour Costs in Ireland is expected to be 92.00 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 Ireland to stand at 100.00 in 12 months time. In the long-term, the Ireland Labour Costs is projected to trend around 110.00 Index Points in 2020, according to our econometric models.


Ireland Labour Costs
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Ireland Labour Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 6.1 5.7 5.5 5.4 5.2 5
Employed Persons 2192 2200 2250 2300 2350 2500
Unemployed Persons 164 140 136 134 132 141
Unemployment Change 1118 -4720 4910 1500 2280 1040
Part Time Employment 434 445 450 455 460 480
Full Time Employment 1751 1820 1870 1920 1970 2150
Labor Force Participation Rate 61.8 62.2 62.4 62.6 62.8 64.5
Long Term Unemployment Rate 2.7 2.5 2.5 2.7 2.7 3.4
Youth Unemployment Rate 13.7 12.8 12.5 12.2 12 10.5
Labour Costs 81.5 92 94 97 100 110
Minimum Wages 1614 1614 1614 1614 1614 1720
Wages in Manufacturing 827 872 836 829 856 872
Population 4.77 4.86 4.86 4.86 4.86 4.94
Retirement Age Women 66 66 66 66 66 66
Retirement Age Men 66 66 66 66 66 66
Initial Jobless Claims 39352 38700 38400 38000 37500 37900
Productivity 139 145 146 147 148 155
Employment Change 1.1 0.6 0.5 0.5 0.5 0.4
Employment Rate 68 68.7 68.9 69 69.1 68.6