Luxembourg Labour Costs  Forecast


Labour Costs in Luxembourg is expected to be 109.83 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 110.76 in 12 months time. In the long-term, the Luxembourg Labour Costs is projected to trend around 110.86 Index Points in 2020, according to our econometric models.


Luxembourg Labour Costs
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Luxembourg Labour Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 6 5.9 5.8 5.8 5.7 5.2
Employed Persons 429627 429954 429822 429780 429725 429247
Unemployed Persons 15850 15640 15578 15510 15443 14859
Long Term Unemployment Rate 2.3 2.17 2.18 2.16 2.15 2.08
Youth Unemployment Rate 17.3 16.87 16.64 16.47 16.31 15.14
Labour Costs 103 110 110 111 111 111
Job Vacancies 4130 2719 2655 2596 2540 2183
Wages 4212 4312 4336 4360 4385 5029
Minimum Wages 1999 2005 2028 2051 2055 2098
Population 0.59 0.59 0.6 0.6 0.6 0.63
Retirement Age Women 65 64.32 64.32 64.32 64.32 64.47
Retirement Age Men 65 64.32 64.32 64.32 64.32 64.47
Employment Change 0.7 0.79 0.77 0.79 0.77 0.79
Employment Rate 65.9 65.75 65.69 65.68 65.61 65.29
Full Time Employment 213 211 211 211 210 209
Part Time Employment 54.4 51.65 52.81 52.16 52.51 51.93
Productivity 102 103 102 103 100 101
Labor Force Participation Rate 59.4 59.3 59.27 59.24 59.21 58.94
Wages In Manufacturing 104 105 104 104 104 104