decrease in labour costs

15 Sep: 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 costsincreased by 1.3% and 1.6% respectively. These figures are published by Eurostat, the statistical office of theEuropean Union.

The two main components of labour costs are wages & salaries and non-wage costs. In the euro area, the costs ofwages & salaries per hour worked dropped by 0.4%, while the non-wage component rose by 0.8% in the secondquarter …