Eurostat News Release: Third quarter of 2014 – Annual growth in labour costs down to 1.3% in euro area, Stable at 1.4% in EU28, 17 Δεκεμβρίου.
Hourly labour costs rose by 1.3% in the euro area (EA18) and by 1.4% in the EU28 in the third quarter of 2014, compared with the same quarter of the previous year. In the second quarter of 2014, hourly labour costs increased by 1.4% in both zones. These figures are published by Eurostat, the statistical office of the European Union.
The two main components of labour costs are wages & salaries and non-wage costs. In the euro area, wages & salaries per hour worked grew by 1.4%, and the non-wage component by 1.2%, in the third quarter of 2014 compared with the same quarter of the previous year. In the second quarter of 2014, the annual changes were +1.4% and +1.3% respectively. In the EU28, hourly wages & salaries rose by 1.4% and the non-wage component by 1.5% for the third quarter of 2014, compared with +1.4% for both components for the second quarter of 2014.
