Hourly labour costs in the Euro Area went up 2.2 percent year-on-year in the second quarter of 2018, compared to an upwardly revised 2.1 percent increase in the previous period and beating market expectations of a 1.7 percent gain. It was the highest rate since the fourth quarter of 2012, as the non-wage component advanced 2.9 percent, up from a 2.8 percent rise in Q1 and salaries per hour worked were up 1.9 percent, after increasing 1.8 percent in the previous period. By economic activity, labour costs went up in industry (2.2%); construction (2.7%); services (2.5%) and in the (mainly) non-business economy (1.5%). Among the Member States, labour costs growth picked up mainly in France (2.4% from 1.7%); Greece (5.0% from 4.4%) while eased in Germany (2.0% vs 2.4%); Spain (0.7% vs 1.4%) and Austria (2.1% vs 4.0%). Labour Costs in the Euro Area averaged 100.44 Index Points from 2008 until 2018, reaching an all time high of 114 Index Points in the fourth quarter of 2017 and a record low of 85.10 Index Points in the first quarter of 2008.

Euro Area Labour Costs
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Euro Area Labour Last Previous Highest Lowest Unit
Unemployment Rate 8.10 8.10 12.10 7.30 percent [+]
Unemployed Persons 13063.00 13061.00 19193.00 11403.00 Thousand [+]
Employed Persons 157.97 157.39 157.97 117.36 Million [+]
Long Term Unemployment Rate 3.90 4.10 6.30 2.70 percent [+]
Youth Unemployment Rate 16.80 16.80 24.70 14.80 percent [+]
Productivity 105.20 105.20 105.20 82.60 Index Points [+]
Labour Costs 113.70 102.60 114.00 85.10 Index Points [+]
Wage Growth 1.90 1.80 3.40 0.80 percent [+]
Population 340.72 339.88 340.72 260.38 Million [+]
Employment Change 0.20 0.40 0.80 -0.70 percent [+]
Part Time Employment 31590.10 31245.90 31590.10 19769.20 Thousand [+]
Labor Force Participation Rate 57.20 57.00 57.30 55.00 percent [+]
Full Time Employment 115128.40 113849.60 118899.50 107478.10 Thousand [+]
Retirement Age Men 64.36 64.27 64.36 62.24 [+]
Retirement Age Women 63.96 63.86 63.96 61.66 [+]


Euro Area Labour Costs

In the Euro Area, unit labour costs are a measure of total labour costs per unit of output calculated as the ratio of compensation per employee to labour productivity (defined as GDP per person employed). This page provides the latest reported value for - Euro Area Labour Costs - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Area Labour Costs - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
113.70 102.60 114.00 85.10 2008 - 2018 Index Points Quarterly
2012=100, WDA




Country Last
Australia 100.60 Jun/18
Brazil 99.29 Sep/18
Canada 116.80 Jun/18
China 104.80 Sep/18
Euro Area 113.70 Jun/18
France 108.10 Jun/18
Germany 113.18 Jun/18
Italy 107.00 Jun/18
Mexico 81.10 Aug/18
Netherlands 115.30 Jun/18
Singapore 107.90 Jun/18
South Africa 150.80 Mar/18
South Korea 96.50 Jun/18
Spain 102.40 Jun/18
Turkey 153.67 Jun/18
United Kingdom 103.90 Jun/18
United States 109.66 Sep/18


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