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 77.00 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 Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 5.4 5.1 4.6 4.5 4.7 5.5
Employed Persons 2256 2350 2400 2450 2500 2500
Unemployed Persons 144 132 136 138 137 141
Unemployment Change -19428 2280 -2640 4750 -12100 1040
Part Time Employment 457 460 465 470 460 480
Full Time Employment 1805 1970 2020 2030 2040 2150
Labor Force Participation Rate 62.2 62.8 63 63.4 63.6 64.5
Long Term Unemployment Rate 2.1 1.7 1.5 1.5 1.6 2.5
Youth Unemployment Rate 12.9 10.5 10.1 9.5 9.5 11
Labour Costs 78.4 85 82 86 77 92
Minimum Wages 1614 1614 1660 1660 1660 1720
Wages in Manufacturing 866 875 895 855 875 895
Population 4.84 4.84 4.88 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 32258 32800 33200 32600 27657 30200
Productivity 134 145 147 149 151 157
Wages 744 744 751 738 732 781
Average Hourly Earnings 22.89 23.6 24.2 24.5 24.4 26.6
Employment Change 0.7 0.5 0.4 0.4 0.6 0.4
Employment Rate 68.5 69.1 69.4 69.2 69.1 68.6