Euro area: Labor cost
* indicates monthly or quarterly data series
| Euro area |
Labor cost index |
|---|---|
| Latest value | 119.5 |
| Reference | Q4 2022 |
| Measure | index points |
| Source | Eurostat |
For that indicator, we provide data for Euro area from Q1 2001 to Q4 2022. The average value for Euro area during that period was 93.01 index points with a minimum of 70.7 index points in Q1 2001 and a maximum of 119.5 index points in Q4 2022.
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Measure: index points
Source: Eurostat
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.