Annual decrease in labour costs at 0.1% in euro area

(Source: Eurostat)

In the second quarter of 2021, the hourly labour costs slightly decreased by 0.1% in the euro area and rose by 0.6%
in the EU, compared with the same quarter of the previous year. In the first quarter of 2021, hourly labour costs
increased by 1.3% and 1.6% respectively. 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, the costs of
wages & salaries per hour worked dropped by 0.4%, while the non-wage component rose by 0.8% in the second
quarter of 2021, compared with the same quarter of the previous year. In the first quarter of 2021, the annual changes
were +2.1% for wages & salaries and -1.1% for the non-wage component. In the EU, the costs of hourly wages &
salaries increased by 0.2% and the non-wage component by 2.0% in the second quarter of 2021. In the first quarter
of 2021, the annual change in wages & salaries was +2.4% and for the non-wage component -1.0%.

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