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.
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around the world.
* indicates monthly or quarterly data series
Measure: index points
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.