Labour Costs in Austria increased to 131.90 points in the fourth quarter of 2020 from 110.30 points in the third quarter of 2020. source: EUROSTAT

Labour Costs in Austria averaged 98.62 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 April of 2021.

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 2022 and 115.27 points in 2023, according to our econometric models.

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Austria Unit Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
131.90 110.30 139.70 83.80 1996 - 2020 points Quarterly
NSA, 2010=100

Austria Labour Last Previous Highest Lowest Unit
Unemployment Rate 9.40 10.70 12.80 0.80 percent [+]
Employed Persons 3664.00 3630.80 3880.50 2302.70 Thousand [+]
Unemployed Persons 381038.00 436982.00 522253.00 22344.00 [+]
Long Term Unemployment Rate 1.40 1.10 2.10 0.90 percent [+]
Youth Unemployment Rate 9.60 9.70 13.40 5.00 percent [+]
Labour Costs 131.90 110.30 139.70 83.80 points [+]
Job Vacancies 74011.00 65444.00 84473.00 11240.00 [+]
Wages 2847.25 2768.40 2847.25 1866.40 EUR/Month [+]
Wages in Manufacturing 111.60 111.60 111.60 54.87 points [+]
Population 8.90 8.86 8.90 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 61.00 61.90 62.10 57.30 percent [+]
Productivity 105.80 102.20 105.80 75.50 points [+]
Part Time Employment 1168.60 1152.60 1184.60 553.50 Thousand [+]
Full Time Employment 3087.30 3131.10 3154.10 2796.40 Thousand [+]
Employment Change 0.00 2.90 2.90 -4.30 percent [+]
Employment Rate 73.50 71.00 74.20 65.30 percent [+]