Luxembourg Labour Costs - Forecast

Labour Costs in Luxembourg is expected to be 109.53 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 Luxembourg to stand at 110.82 in 12 months time. In the long-term, the Luxembourg Labour Costs is projected to trend around 110.89 Index Points in 2020, according to our econometric models.


Luxembourg Labour Costs
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Luxembourg Labour Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 5.6 5.8 5.8 5.7 5.6 5.2
Employed Persons 439760 440313 439531 439585 439517 438886
Unemployed Persons 16599 16423 16347 16278 16211 15435
Long Term Unemployment Rate 2 2.18 2.13 2.13 2.13 2.03
Youth Unemployment Rate 14.8 14.73 14.64 14.54 14.43 13.24
Labour Costs 108 110 110 111 111 111
Wages 5030 5100 5100 5100 5100 5200
Minimum Wages 1999 1999 1999 1999 1999 2100
Population 0.59 0.6 0.6 0.6 0.6 0.63
Retirement Age Women 65 64 64 64 64 65
Retirement Age Men 65 64 64 64 64 65
Wages In Manufacturing 114 104 105 104 105 105
Labor Force Participation Rate 59.9 59.42 59.53 59.48 59.43 59.11
Productivity 99.6 102 103 101 102 101
Part Time Employment 52.4 52.72 52.26 52.41 51.96 51.76
Employment Change 0.7 0.75 0.79 0.77 0.79 0.79
Employment Rate 67 66.66 66.47 66.51 66.44 65.98
Full Time Employment 218 217 217 216 216 215