Tuesday, September 16, 2014Tweet
[IWS] Eurostat: LABOUR COST INDEX--RECENT TRENDS [16 September 2014]
IWS Documented News Service
Institute for Workplace Studies-----------------Professor Samuel B. Bacharach
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LABOUR COST INDEX--RECENT TRENDS [16 September 2014]
Data from September 2014. Most recent data: Further Eurostat information, Main tables and Database.
The labour cost index (LCI) shows the short-term development of the labour cost, the total cost on an hourly basis of employing labour. In other words, the LCI measures the cost pressure arising from the production factor “labour”. This article takes a look at the most recent evolutions of the LCI, both at the level of the European Union (EU) and the Member States.
In addition, Eurostat estimates of the annual labour cost per hour in euros are provided for EU Member States as well as the whole EU; they were obtained by combining the four-yearly Labour cost survey (LCS) with the quarterly labour cost index. Since the release in April 2013, these figures have been moved to a separate article on hourly labour costs.
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