Italy Labour Costs - Forecast

Labour Costs in Italy is expected to be 106.00 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 Italy to stand at 107.00 in 12 months time. In the long-term, the Italy Labour Costs is projected to trend around 112.00 Index Points in 2020, according to our econometric models.


Italy Labour Costs
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Italy Labour Last Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 11 10.7 10.5 10.3 10.1 8.8
Employed Persons 23134 24000 24200 24400 24700 26100
Unemployed Persons 2865 2780 2740 2710 2700 2610
Part Time Employment 35398 37900 38200 39000 39400 43000
Full Time Employment 142514 144200 144700 146000 146700 149000
Employment Rate 58.3 58 58.1 58.4 58.5 59
Labor Force Participation Rate 65.7 66 66.1 66.2 66.4 66.5
Long Term Unemployment Rate 6.4 6 5.7 5.5 5.2 4.5
Youth Unemployment Rate 31.7 30.8 30.6 30.4 30.2 27
Labour Costs 105 106 106 107 107 112
Productivity 105 106 106 107 107 112
Wages 2426 2475 2475 2475 2500 2580
Wages in Manufacturing 113 113 113 114 114 120
Wage Growth 1 0.9 1 1 1.1 1.9
Population 60.59 60.54 60.54 60.54 60.21 60.02
Retirement Age Women 65.58 66.58 66.58 66.58 66 66
Retirement Age Men 66.58 66.58 66.58 66.58 67 67
Living Wage Family 1370 1450 1450 1450 1550 1650
Living Wage Individual 855 900 900 900 1020 1120
Wages Low Skilled 1130 1290 1290 1290 1410 1480
Wages High Skilled 2390 2430 2430 2430 2440 2560
Employment Change -0.3 0.3 0.4 0.5 0.4 0.6