Labour Costs in Austria increased to 139.70 points in the second quarter of 2020 from 122.90 points in the first quarter of 2020.

Labour Costs in Austria averaged 98.16 points from 1996 until 2020, reaching an all time high of 139.70 points in the second quarter of 2020 and a record low of 83.80 points in the third quarter of 1999. This page provides - Austria Labour Costs - actual values, historical data, forecast, chart, statistics, economic calendar and news. Austria Unit Labour Costs - values, historical data and charts - was last updated on October of 2020.

Labour Costs in Austria is expected to be 119.45 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in Austria to stand at 114.45 in 12 months time. In the long-term, the Austria Unit Labour Costs is projected to trend around 114.95 points in 2021 and 115.27 points in 2022, according to our econometric models.

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Austria Unit Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
139.70 122.90 139.70 83.80 1996 - 2020 points Quarterly
NSA, 2010=100

Austria Labour Last Previous Highest Lowest Unit
Unemployment Rate 8.40 9.00 12.80 0.80 percent [+]
Employed Persons 3792.80 3798.30 3880.50 2302.70 Thousand [+]
Unemployed Persons 346907.00 371893.00 522253.00 22344.00 [+]
Long Term Unemployment Rate 1.10 1.10 2.10 0.90 percent [+]
Youth Unemployment Rate 10.60 10.40 13.40 5.00 percent [+]
Labour Costs 139.70 122.90 139.70 83.80 points [+]
Job Vacancies 67119.00 66005.00 84473.00 11240.00 [+]
Wages 2768.42 2688.92 2768.42 1866.40 EUR/Month [+]
Wages in Manufacturing 110.80 110.80 110.80 54.87 points [+]
Population 8.86 8.82 8.86 7.03 Million [+]
Retirement Age Women 60.00 60.00 60.00 60.00 [+]
Retirement Age Men 65.00 65.00 65.00 65.00 [+]
Labor Force Participation Rate 60.30 61.40 62.10 57.30 percent [+]
Productivity 97.00 100.10 102.50 75.50 points [+]
Part Time Employment 1120.30 1161.30 1184.60 553.50 Thousand [+]
Full Time Employment 3021.40 3053.30 3154.10 2796.40 Thousand [+]
Employment Change -4.10 -0.30 0.80 -4.10 percent [+]
Employment Rate 71.00 72.30 74.20 65.30 percent [+]