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Eurozone Wages YoY

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Eurozone Wages YoY

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Delivery Method

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Status

 
Latest Release
Sep 15, 2017
Actual
2.00%
Previous
1.30%
Breakdown of total nominal hourly labour costs, whole economy: wages.% change from previous year, not seasonally adjusted. In addition to employees gross earnings, total labour costs include indirect costs such as employers social contributions and taxes connected to the employment. Gross earnings or wages arethose paid directly and regularly by the employer at the time of each wage payment. They include the value of any social contributions, income taxes, etc. payable by the employee, even if actually withheld by the employer and paid directly to social insurance schemes, tax authorities, etc. on behalf of the employee. Hourly labour cost indices show the short-term development of the total cost for employers of employing the labour force. These indices are calculated by Member States using jointly-agreed definitions. When calculating these indices, all enterprises, whatever their size, and all employees should be taken into account.Labour costs include gross wages and salaries, employers social contributions and taxes net of subsidies connected to employment. Labour costs here do not include costs for occupational training or other costs such as those for canteens or recruitment.Hourly labour costs are obtained by dividing the total of these costs for all employees in a defined country by all hours worked by these employees. Here, instead of hours worked, hours paid/number of employees might have been used as a measure of volume of labour.""
Importance:
Country:
Currency: EUR
Source:
Eurozone Wages YoY
 
Release Date Time Actual Forecast Previous
Dec 19, 2017 (Q1) 05:00      
Sep 15, 2017 (Q2) 04:00 2.00%   1.30%
Jun 16, 2017 (Q1) 04:00 1.40%   1.60%
Mar 20, 2017 (Q4) 05:00 1.60%   1.50%
Dec 19, 2016 (Q3) 05:00 1.60%   0.90%
Sep 16, 2016 (Q2) 04:00 0.90%   1.70%

News

Analysis

BRUEGEL
Mere Criticism Of The ECB Is No Solution By BRUEGEL - Apr 10, 2016

The eurozone remains in a deep, largely macro-economic crisis. A robust global economy and falling oil prices have supported Europe’s economy for some time, but by now it is clear that the ...

Wages in euro zone (YoY) Discussion

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