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26/4/2018  
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EMPLOYMENT
Third quarter of 2017

Annual growth in labour costs at 1.6% in euro area

Job vacancy Eurostat

Hourly labour costs rose by 1.6% in the euro area (EA19) and by 2.1% in the EU28 in the third quarter of 2017, compared with the same quarter of the previous year. In the second quarter of 2017, hourly labour costs increased by 1.8% and 2.3% respectively. These figures are published by Eurostat, the statistical office of the European Union.
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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 1.6% and the non-wage component by 1.5%, in the third quarter of 2017 compared with the same quarter of the previous year. In the second quarter of 2017, the annual changes were +2.1% and +0.8% respectively. In the EU28, hourly wages & salaries rose by 2.1% and the non-wage component by 2.3% in the third quarter of 2017. In the second quarter of 2017, annual changes were +2.5% and +1.8% respectively.

Breakdown by economic activity In the third quarter of 2017 compared with the same quarter of the previous year, hourly labour costs in the euro area rose by 1.5% in industry, by 2.1% in both construction and services, and by 0.8% in the (mainly) non-business economy. In the EU28, labour costs per hour grew by 2.0% in industry, by 2.5% in construction, by 2.6% in services and by 1.6% in the (mainly) non-business economy. Member States In the third quarter of 2017, the highest annual increases in hourly labour costs for the whole economy were registered in Romania (+16.5%), Hungary (+12.6%) and Bulgaria (+10.7%). A decrease was recorded in Finland (-3.0%) and Portugal (-1.1%).

Other issues Employment
Employment rate of people aged 20 to 64 in the EU reached a new peak at 72.2% in 2017
OECD employment rate increases to 68% in the fourth quarter of 2017
Euro area unemployment at 8.5% EU28 at 7.1%
Employment in EU regions in 2016 Employment grew in 8 out of 10 EU regions
Job vacancy rate at 2.0% in both euro area and EU28
EU Commission adopts proposals for a European Labour Authority and for access to social protection
Women in the EU earned on average 16% less than men in 2016
Joint statement on the revision of the Posting of Workers Directive
New toolkit helps public employment services strengthen national career and lifelong learning
OECD unemployment rate in December 2017 falls below its pre-crisis level

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