Labour Costs in Luxembourg is expected to be 102.64 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 101.35 in 12 months time. In the long-term, the Luxembourg Labour Costs is projected to trend around 101.27 Index Points in 2020, according to our econometric models.


Forecast Data Chart
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Luxembourg Labour Last Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 5.4 5.6 5.5 5.5 5.2 5.2
Employed Persons 453180 453211 457474 459518 462248 485993
Unemployed Persons 14582 14675 14896 14894 14811 14837
Long Term Unemployment Rate 1.2 1.34 1.31 1.35 1.36 1.34
Youth Unemployment Rate 12.2 11.46 11.1 10.95 10.88 10.83
Labour Costs 109 103 101 101 101 101
Wages 5301 5100 5150 5499 5525 5200
Minimum Wages 1999 1999 2050 2050 2050 2100
Population 0.6 0.6 0.61 0.61 0.61 0.62
Retirement Age Women 65 65 65 65 65 65
Retirement Age Men 65 65 65 65 65 65
Wages In Manufacturing 101 103 103 103 103 103
Labor Force Participation Rate 59 59.26 59.19 59.22 59.22 59.22
Productivity 99 102 98.4 99.1 97.86 100
Part Time Employment 48.6 52.15 52.75 51.81 53.07 56.85
Employment Change 1 0.88 0.85 0.86 0.84 0.81
Employment Rate 66.2 66.36 66.6 66.41 66.54 66.48
Full Time Employment 225 227 229 230 231 243