Labour Costs in Ireland decreased to 93.70 points in the third quarter of 2019 from 101.10 points in the second quarter of 2019. Labour Costs in Ireland averaged 111.22 points from 1995 until 2019, reaching an all time high of 148.90 points in the fourth quarter of 2008 and a record low of 89.10 points in the second quarter of 1996. source: European Central Bank

Labour Costs in Ireland is expected to be 102.34 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in Ireland to stand at 96.23 in 12 months time. In the long-term, the Ireland Labour Costs is projected to trend around 101.10 points in 2020, according to our econometric models.

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Ireland Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
93.70 101.10 148.90 89.10 1995 - 2019 points Quarterly
2010=100, NSA

Ireland Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.80 4.80 17.30 3.90 percent [+]
Employed Persons 2317.00 2299.70 2317.00 1567.70 Thousand [+]
Unemployed Persons 128.00 130.80 356.20 69.90 Thousand [+]
Unemployment Change 4442.00 -2905.00 36254.00 -32270.00 Persons [+]
Part Time Employment 469.90 463.60 489.00 268.40 Thousand [+]
Full Time Employment 1844.80 1838.30 1844.80 1299.00 Thousand [+]
Labor Force Participation Rate 62.10 62.10 66.70 59.80 percent [+]
Long Term Unemployment Rate 1.40 1.70 9.80 1.20 percent [+]
Youth Unemployment Rate 12.60 12.50 31.60 6.30 percent [+]
Labour Costs 93.70 101.10 148.90 89.10 points [+]
Minimum Wages 9.80 9.55 9.80 5.58 EUR/Hour [+]
Wages in Manufacturing 862.30 880.32 912.38 37.03 EUR/Week [+]
Population 4.84 4.78 4.84 2.82 Million [+]
Retirement Age Women 66.00 66.00 66.00 65.00 [+]
Retirement Age Men 66.00 66.00 66.00 65.00 [+]
Initial Jobless Claims 37427.00 34071.00 196988.00 20203.00 Persons [+]
Productivity 146.90 138.30 147.10 57.80 points [+]
Wage Growth 3.40 3.60 3.60 -2.90 percent [+]
Wages 768.14 771.63 771.63 676.58 EUR/Week [+]
Average Hourly Earnings 23.53 23.69 24.05 20.52 EUR [+]
Average Weekly Hours 32.60 32.60 32.80 30.90 [+]
Employment Change 0.80 -0.60 2.50 -3.70 percent [+]
Employment Rate 69.60 69.10 72.50 59.30 percent [+]