Labour Costs in Luxembourg decreased to 109.60 points in February from 111.87 points in January of 2021. source: STATEC, Luxembourg

Labour Costs in Luxembourg averaged 110.69 points from 2005 until 2021, reaching an all time high of 189 points in December of 2008 and a record low of 85.90 points in September of 2005. This page provides - Luxembourg Labour Costs - actual values, historical data, forecast, chart, statistics, economic calendar and news. Luxembourg Labour Costs - values, historical data and charts - was last updated on May of 2021.

Labour Costs in Luxembourg is expected to be 101.24 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 101.26 in 12 months time. In the long-term, the Luxembourg Labour Costs is projected to trend around 101.27 points in 2022, according to our econometric models.

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Luxembourg Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
109.60 111.87 189.00 85.90 2005 - 2021 points Monthly
NSA, 2005=100

Luxembourg Labour Last Previous Highest Lowest Unit
Unemployment Rate 6.10 6.20 7.20 1.40 percent [+]
Employed Persons 482660.00 479796.00 482660.00 211007.00 [+]
Unemployed Persons 18689.00 19476.00 20253.00 821.00 [+]
Long Term Unemployment Rate 1.90 1.40 2.60 0.40 percent [+]
Youth Unemployment Rate 21.30 21.40 26.30 2.70 percent [+]
Labour Costs 109.60 111.87 189.00 85.90 points [+]
Wages 5486.92 5429.00 5486.92 2199.50 EUR/Month [+]
Minimum Wages 2201.93 2141.99 2201.93 1162.08 EUR/Month [+]
Population 0.63 0.61 0.63 0.31 Million [+]
Retirement Age Women 65.00 65.00 65.00 60.00 [+]
Retirement Age Men 65.00 65.00 65.00 60.00 [+]
Labor Force Participation Rate 61.30 60.20 61.30 51.40 percent [+]
Part Time Employment 51.90 53.20 54.60 16.00 Thousand [+]
Productivity 101.60 100.20 104.20 87.00 points [+]
Wages In Manufacturing 99.30 102.00 141.20 83.40 points [+]
Full Time Employment 242.20 233.30 242.20 153.50 Thousand [+]
Employment Change 1.30 -0.60 1.90 -0.60 percent [+]
Employment Rate 68.50 66.90 68.50 58.50 percent [+]