Labour Cost Index, Q3 2016, Eurostat

Page created: Monday, 19 December 2016 12:17GMT | Updated: Wednesday, 21 December 2016 12:19GMT

Press Release:  19 December 2016 - 5 Page(s)
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Euro Area  European Union  Labour Costs  Labour Costs   Labour Market   Wages  Wages

Hourly labour costs rose by 1.5% in the euro area (EA19) and by 1.9% in the EU28 in the third quarter of 2016, compared with the same quarter of the previous year. In the second quarter of 2016, hourly labour costs increased by 1.0% in the euro area (EA19) and by 1.4% in the EU28. These figures are published by Eurostat, the statistical office of the European Union.

The two main components of labour costs are wages & salaries and non-wage costs. In the euro area, wages & salaries per hour worked grew by 1.6% and the non-wage component by 1.2% in the third quarter of 2016 compared with the same quarter of 2015. In the second quarter of 2016, the annual changes were +0.9% and +1.5% respectively. In the EU28, hourly wages & salaries rose by 2.0% and the non-wage component by 1.5% in the third quarter of 2016. In the second quarter of 2016, annual changes were +1.4% and +1.7% respectively.



Original title:  Annual growth in labour costs up to 1.5% in euro area

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