Euro area: Labor cost

(measure: index points, source: Eurostat)
* indicates monthly or quarterly data series

Labor cost index in Euro area, June, 2020: For that indicator, we provide data for Euro area from Q1 2001 to Q2 2020. The average value for Euro area during that period was 90.25 index points with a minimum of 70.4 index points in Q1 2001 and a maximum of 110.5 index points in Q2 2020. Click on the following link to see the values of Labor cost index around the world.
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Measure: index points
Source: Eurostat

Definition: The index reflects the level of the total compensation of employees in the economy. Labor costs are defined as core expenditure borne by employers for the purpose of employing staff. They include employee compensation, with wages and salaries in cash and in kind, employers' social security contributions and employment taxes regarded as labor costs minus any subsidies received.
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