Labour Costs in Netherlands decreased to 99.80 points in the third quarter of 2019 from 114.70 points in the second quarter of 2019. Labour Costs in Netherlands averaged 87.12 points from 1987 until 2019, reaching an all time high of 114.70 points in the second quarter of 2019 and a record low of 66.60 points in the first quarter of 1989. source: European Central Bank

Labour Costs in Netherlands is expected to be 104.44 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in Netherlands to stand at 102.39 in 12 months time. In the long-term, the Netherlands Labour Costs is projected to trend around 107.58 points in 2020, according to our econometric models.

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Netherlands Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
99.80 114.70 114.70 66.60 1987 - 2019 points Quarterly
2010=100, NSA

Netherlands Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.20 3.50 7.90 3.20 percent [+]
Employed Persons 9028.00 8995.00 9028.00 6851.00 Thousand [+]
Unemployed Persons 302.00 324.00 699.00 300.00 Thousand [+]
Long Term Unemployment Rate 1.00 1.00 3.20 0.70 percent [+]
Youth Unemployment Rate 6.70 7.30 17.70 6.20 percent [+]
Labour Costs 99.80 114.70 114.70 66.60 points [+]
Productivity 104.97 104.80 106.45 85.92 points [+]
Job Vacancies 283.80 293.80 293.80 81.80 Thousand [+]
Minimum Wages 1635.60 1615.80 1635.60 1064.20 EUR/Month [+]
Wage Growth 2.94 2.67 4.71 0.44 percent [+]
Wages in Manufacturing 118.60 117.70 118.60 59.10 points [+]
Population 17.12 17.08 17.12 11.42 Million [+]
Retirement Age Women 66.00 66.00 66.00 65.00 [+]
Retirement Age Men 66.00 66.00 66.00 65.00 [+]
Labor Force Participation Rate 71.40 71.40 71.40 67.40 percent [+]
Living Wage Family 1560.00 1490.00 1560.00 1420.00 EUR/Month [+]
Living Wage Individual 1120.00 1040.00 1120.00 965.00 EUR/Month [+]
Part Time Employment 4382.20 4356.30 4382.20 2816.80 Thousand [+]
Wages Low Skilled 1760.00 1690.00 1760.00 1630.00 EUR/Month [+]
Wages High Skilled 2920.00 2940.00 2940.00 2820.00 EUR/Month [+]
Employment Change 0.20 0.30 1.20 -0.90 percent [+]
Employment Rate 78.40 78.10 78.40 63.50 percent [+]
Full Time Employment 4344.80 4323.10 4705.40 4016.00 Thousand [+]