Friday, March 28, 2014
Tweet[IWS] Eurostat: LABOUR COSTS IN THE EU28: Hourly labour costs ranged from €3.7 to €40.1 across the EU28 Member States in 2013 [27 March 2014]
IWS Documented News Service
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Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
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European Commission
Eurostat
Press Release 27 March 2014
LABOUR COSTS IN THE EU28: Hourly labour costs ranged from €3.7 to €40.1 across the EU28 Member States in 2013
http://epp.eurostat.ec.europa.eu/cache/ITY_PUBLIC/3-27032014-AP/EN/3-27032014-AP-EN.PDF
[full-text, 4 pages]
In 2013, average hourly labour costs1 in the whole economy2 (excluding agriculture and public administration) were estimated to be €23.7 in the EU28
and €28.4 in the euro area3 (EA17). However, this average masks significant differences between EU Member States, with the lowest hourly labour costs recorded in Bulgaria (€3.7), Romania
(€4.6), Lithuania (€6.2) and Latvia (€6.3), and the highest in Sweden (€40.1), Denmark (€38.4), Belgium (€38.0), Luxembourg (€35.7) and France (€34.3).
Within the business economy, labour costs per hour were highest in industry (€24.6 in the EU28 and €31.0 in the euro area), followed by services (€23.9 and €28.0 respectively) and construction (€21.0 and €24.5). In the mainly
non-business economy (excluding public administration), labour costs per hour were €23.2 in the EU28 and €27.7 in the euro area.
Labour costs are made up of wages & salaries and non-wage costs such as employers' social contributions. The share of non-wage costs in the whole economy was 23.7% in the EU28 and 25.9% in the euro area, varying
between 8.0% in Malta and 33.3% in Sweden.
AND MORE...including CHARTS and TABLES....
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