Labor Cost

The quarterly Labor Cost, released by Eurostat, shows the short-term development of the total hourly costs incurred by the employers of maintaining their employees. It measures the cost pressure arising from the production factor 'labor'.

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Most recent - Tuesday 19 March 2024 10:00

5.3%

Revised

5.2%

Forecast

Actual

3.4%

Next event - Friday 14 June 2024 09:00

3.4%

Forecast

Actual

The typical/expected market impact of this event is low.

There is no forecast value for Labor Cost yet - check back for updates.

Trading range

Forecast history

The most recent announced value for Labor Cost was 3.4%.

Past events

Date

Forecast

Actual

Tuesday 19 March 2024 10:00

3.4%

Friday 15 December 2023 10:00

5.3%

Friday 15 September 2023 09:00

4.5%

Friday 16 June 2023 09:00

3.3%

Friday 17 March 2023 10:00

5.7%

Monday 19 December 2022 10:00

2.9%

Thursday 15 September 2022 09:00

1.4%

Thursday 16 June 2022 09:00

3.2%

Friday 18 March 2022 10:00

1.3%

1.9%

Thursday 16 December 2021 10:00

2.5%

Wednesday 15 September 2021 09:00

-0.1%

Wednesday 16 June 2021 09:00

3.3%

1.5%

Economic context

Recent economic data has been moderately bullish for EUR. Other recent announcements which may affect the market's interpretation of the next Labor Cost result:

		Previous	Latest
Unemployment Rate	(no change)	6.5%	6.5%
HCOB Manufacturing PMI	Bullish change	42.2	42.5
HCOB Manufacturing PMI	Bearish change	50.4	47.3
HCOB Manufacturing PMI	Bullish change	51.4	52.2
Core Harmonized Index of Consumer Prices (MoM)	Bearish change	1.1%	0.7%
Core Harmonized Index of Consumer Prices (YoY)	Bearish change	2.9%	2.7%
Gross Domestic Product s.a. (QoQ)	Bullish change	0%	0.3%
Gross Domestic Product s.a. (YoY)	Bullish change	0.1%	0.4%
Harmonized Index of Consumer Prices (MoM)	Bearish change	0.8%	0.6%
Harmonized Index of Consumer Prices (YoY)	(no change)	2.4%	2.4%
Consumer Price Index (EU Norm) (YoY)	Bearish change	1.2%	1%
Consumer Price Index (YoY)	Bearish change	1.2%	0.9%
Gross Domestic Product (QoQ)	Bullish change	-0.3%	0.2%
Gross Domestic Product (YoY)	(no change)	-0.2%	-0.2%
Gross Domestic Product w.d.a (YoY)	Bearish change	-0.4%	-0.9%
Gross Domestic Product (QoQ)	Bullish change	0.1%	0.3%
Gross Domestic Product (YoY)	Bearish change	0.7%	0.6%
Unemployment Change	Bearish change	4K	10K
Unemployment Rate s.a.	(no change)	5.9%	5.9%
Gross Domestic Product - Estimated (QoQ)	Bullish change	0.6%	0.7%
Consumer Price Index (EU norm) (YoY)	(no change)	2.4%	2.4%
Retail Sales (MoM)	Bullish change	-1.9%	1.8%
Retail Sales (YoY)	Bullish change	-2.7%	0.3%
Gross Domestic Product (QoQ)	Bullish change	0.1%	0.2%
Consumer Price Index (MoM)	Bullish change	0.4%	0.5%
Consumer Price Index (YoY)	(no change)	2.2%	2.2%
Harmonized Index of Consumer Prices (MoM)	(no change)	0.6%	0.6%
Harmonized Index of Consumer Prices (YoY)	Bullish change	2.3%	2.4%
Business Climate	Bearish change	-0.32	-0.53
Consumer Confidence	(no change)	-14.7	-14.7
Economic Sentiment Indicator	Bearish change	96.2	95.6
Harmonized Index of Consumer Prices (YoY)	Bullish change	3.3%	3.4%
GfK Consumer Confidence Survey	Bullish change	-27.3	-24.2
IFO – Business Climate	Bullish change	87.9	89.4
IFO – Current Assessment	Bullish change	88.1	88.9
IFO – Expectations	Bullish change	87.7	89.9
HCOB Composite PMI	Bullish change	50.3	51.4
HCOB Manufacturing PMI	Bearish change	46.1	45.6
HCOB Services PMI	Bullish change	51.5	52.9
HCOB Composite PMI	Bullish change	47.7	50.5
HCOB Manufacturing PMI	Bullish change	41.9	42.2
HCOB Services PMI	Bullish change	50.1	53.3
HCOB Composite PMI	Bullish change	48.3	49.9
HCOB Manufacturing PMI	Bearish change	46.2	44.9
HCOB Services PMI	Bullish change	48.3	50.5
Consumer Confidence	Bullish change	-14.9	-14.7

About Labor Cost

Country:	Eurozone
Currency:	EUR
Source:	Eurostat
Category:	Labor Market
Frequency:	Quarterly

Related events

	Australia		Unemployment Rate s.a.
	Australia		Employment Change s.a.
	Canada		Unemployment Rate
	Canada		Net Change in Employment
	New Zealand		Unemployment Rate
	New Zealand		Employment Change
	United Kingdom		Employment Change
	United Kingdom		ILO Unemployment Rate (3M)
	United Kingdom		Claimant Count Change
	United States		Nonfarm Payrolls
	United States		ADP Employment Change
	Australia		Wage Price Index (QoQ)
	Australia		Full-Time Employment
	Canada		Participation Rate
	Canada		Average Hourly Wages (YoY)
	Switzerland		Unemployment Rate s.a (MoM)
	Germany		Unemployment Change
	Germany		Unemployment Rate s.a.
	Eurozone		Unemployment Rate
	Italy		Unemployment
	Japan		Jobs / Applicants Ratio
	Japan		Unemployment Rate
	New Zealand		Participation Rate
	New Zealand		Labour Cost Index (QoQ)
	United Kingdom		Claimant Count Rate
	United Kingdom		Average Earnings Including Bonus (3Mo/Yr)
	United Kingdom		Average Earnings Excluding Bonus (3Mo/Yr)
	United States		ISM Manufacturing Employment Index
	United States		Unit Labor Costs
	United States		Personal Income (MoM)
	United States		ISM Services Employment Index
	United States		Unemployment Rate
	United States		Nonfarm Productivity
	United States		Initial Jobless Claims
	United States		Labor Force Participation Rate
	United States		U6 Underemployment Rate
	United States		Initial Jobless Claims 4-week average
	United States		Average Hourly Earnings (MoM)
	United States		Average Hourly Earnings (YoY)

Calendar - Labor Cost - Eurozone

Labor Cost

Most recent - Tuesday 19 March 2024 10:00

Next event - Friday 14 June 2024 09:00

Trading range

Trading range after each Labor Cost event

Forecast history

Past events

Economic context

About Labor Cost

Related events