Ireland Labour Costs  Forecast


Ireland Labour Costs
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Labour Costs in Ireland is expected to be 89.00 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 82.09 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 Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 6.1 5.9 5.7 5.5 5.4 5
Employed Persons 2063 2090 2095 2100 2056 2300
Unemployed Persons 142 141 138 136 142 141
Unemployment Change -3283 2980 -4720 4910 -884 1040
Part Time Employment 432 454 456 458 415 498
Full Time Employment 1634 1650 1670 1680 1665 1880
Labor Force Participation Rate 59.8 60.9 61 61.2 59.24 64
Long Term Unemployment Rate 3.1 4 4 3.7 2.16 3.4
Youth Unemployment Rate 14.8 12.7 12.5 12.2 18.37 10.5
Labour Costs 81.5 89 92 94 82.09 110
Minimum Wages 1563 1563 1563 1572 1561 1600
Wages in Manufacturing 827 849 872 834 830 872
Population 4.77 4.77 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 34824 39900 37304 38098 39722 38900
Productivity 139 144 145 146 139 155
Employment Change 1.1 0.6 0.6 0.5 0.74 0.4
Employment Rate 65.7 66 66.2 66.4 65.3 68