Labour Costs in Austria increased to 121.40 points in the first quarter of 2020 from 117.30 points in the fourth quarter of 2019.

Labour Costs in Austria averaged 97.48 points from 1996 until 2020, reaching an all time high of 121.40 points in the first quarter of 2020 and a record low of 83.50 points in the third quarter of 1999. This page provides - Austria Labour Costs - actual values, historical data, forecast, chart, statistics, economic calendar and news. Austria Unit Labour Costs - values, historical data and charts - was last updated on May of 2020.

Labour Costs in Austria is expected to be 119.45 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in Austria to stand at 114.45 in 12 months time. In the long-term, the Austria Unit Labour Costs is projected to trend around 114.95 points in 2021 and 115.27 points in 2022, according to our econometric models.

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Austria Unit Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
121.40 117.30 121.40 83.50 1996 - 2020 points Quarterly
NSA, 2010=100

Austria Labour Last Previous Highest Lowest Unit
Unemployment Rate 12.80 12.20 12.80 0.80 percent [+]
Employed Persons 3589.40 3776.60 3880.50 2302.70 Thousand [+]
Unemployed Persons 522253.00 504345.00 522253.00 22344.00 [+]
Long Term Unemployment Rate 1.10 1.10 2.10 0.90 percent [+]
Youth Unemployment Rate 9.30 9.70 13.30 5.00 percent [+]
Labour Costs 121.40 117.30 121.40 83.50 points [+]
Job Vacancies 53846.00 60722.00 84473.00 11240.00 [+]
Wages 2768.42 2688.92 2768.42 1866.40 EUR/Month [+]
Wages in Manufacturing 109.70 109.70 138.30 75.89 points [+]
Population 8.86 8.82 8.86 7.03 Million [+]
Retirement Age Women 60.00 60.00 60.00 60.00 [+]
Retirement Age Men 65.00 65.00 65.00 65.00 [+]
Labor Force Participation Rate 61.40 61.90 62.10 57.30 percent [+]
Living Wage Family 1560.00 1680.00 1680.00 1520.00 EUR/Month [+]
Living Wage Individual 1010.00 1080.00 1080.00 975.00 EUR/Month [+]
Productivity 102.20 102.40 102.50 75.50 points [+]
Part Time Employment 1174.30 1163.30 1184.60 553.50 Thousand [+]
Wages Low Skilled 1660.00 1780.00 1800.00 1660.00 EUR/Month [+]
Wages High Skilled 3590.00 4010.00 4010.00 3590.00 EUR/Month [+]
Employment Change 0.40 0.20 0.80 -0.50 percent [+]
Employment Rate 73.80 74.20 74.20 65.30 percent [+]
Full Time Employment 3130.60 3152.80 3154.10 2796.40 Thousand [+]