Euro area: Labor cost
* indicates monthly or quarterly data series
The most recent value is 124.3 index points as of Q2 2026, an increase compared to the previous value of 123.3 index points. Historically, the average for Euro area from Q1 2002 to Q2 2026 is 89.96 index points. The minimum of 66.7 index points was recorded in Q1 2002, while the maximum of 124.3 index points was reached in Q2 2026.
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* indicates monthly or quarterly data series
- Measure: index points
- Definition: The index reflects the level of the total compensation of employees in the economy. Labor costs are defined as core expenditure borne by employers for the purpose of employing staff. They include employee compensation, with wages and salaries in cash and in kind, employers' social security contributions and employment taxes regarded as labor costs minus any subsidies received.
- Source: Eurostat
| Recent values | Euro area: Labor cost index |
|---|---|
| 2026 Q2 | 124.3 |
| 2026 Q1 | 123.3 |
| 2025 Q4 | 122.4 |
| 2025 Q3 | 121.4 |
| 2025 Q2 | 120.6 |
| 2025 Q1 | 119.4 |
| 2024 Q4 | 118.1 |
| 2024 Q3 | 117.2 |
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Employment | 163.00 | Q3/2025 | million employed people |
| Unemployment rate | 6.40 | 6/2026 | percent |
| Labor cost | 124.30 | Q2/2026 | index points |