Ireland Labour Costs - Forecast

Labour Costs in Ireland is expected to be 85.00 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 86.00 in 12 months time. In the long-term, the Ireland Labour Costs is projected to trend around 92.00 Index Points in 2020, according to our econometric models.


Forecast Data Chart
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Ireland Labour Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 5.1 5 4.7 4.5 4.5 5
Employed Persons 2238 2300 2350 2400 2450 2500
Unemployed Persons 133 134 132 136 138 141
Unemployment Change 6380 1500 2280 -2640 4750 1040
Part Time Employment 459 455 460 465 470 480
Full Time Employment 1785 1920 1970 2020 2030 2150
Labor Force Participation Rate 62.1 62.6 62.8 63 63.4 64.5
Long Term Unemployment Rate 2.1 2.7 2.7 2.9 3 3.2
Youth Unemployment Rate 11.4 11 10.5 10.1 9.5 11
Labour Costs 77.7 85 85 82 86 92
Minimum Wages 1614 1614 1614 1660 1660 1720
Wages in Manufacturing 890 840 875 895 855 895
Population 4.84 4.84 4.84 4.88 4.88 4.94
Retirement Age Women 66 66 66 66 66 66
Retirement Age Men 66 66 66 66 66 66
Initial Jobless Claims 44756 36200 32800 33200 32600 30200
Productivity 140 168 170 172 174 180
Wages 742 725 744 751 738 781
Average Hourly Earnings 23.31 23.2 23.6 24.2 24.5 26.6
Employment Change 0.7 0.5 0.5 0.4 0.4 0.4
Employment Rate 67.9 69 69.1 69.4 69.2 68.6