Luxembourg Labour Costs - Forecast

Labour Costs in Luxembourg is expected to be 109.06 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 113.52 in 12 months time. In the long-term, the Luxembourg Labour Costs is projected to trend around 109.80 Index Points in 2020, according to our econometric models.


Luxembourg Labour Costs
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Luxembourg Labour Last Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 5.7 5.8 5.7 5.6 5.8 5.2
Employed Persons 444145 437202 436262 435911 435780 435699
Unemployed Persons 15956 16335 16248 16164 16081 15223
Long Term Unemployment Rate 2 2.2 2.2 2.2 2.2 2.2
Youth Unemployment Rate 13.8 14.51 14.66 14.76 14.82 14.96
Labour Costs 97.24 109 94.82 109 114 110
Wages 5030 5100 5100 5100 5150 5200
Minimum Wages 1999 1999 1999 1999 2050 2100
Population 0.59 0.6 0.6 0.6 0.6 0.63
Retirement Age Women 65 65 65 65 65 65
Retirement Age Men 65 65 65 65 65 65
Wages In Manufacturing 98.5 102 110 126 118 117
Labor Force Participation Rate 59.2 59.24 59.55 59.28 59.52 59.38
Productivity 105 103 100 103 101 102
Part Time Employment 51.6 52.08 52.19 52.15 52.16 52.16
Employment Change 1.1 0.75 0.75 0.75 0.75 0.75
Employment Rate 66.3 66.45 66.45 66.45 66.45 66.45
Full Time Employment 217 217 217 217 217 217