Labour Costs in Ireland decreased to 97.40 points in the second quarter of 2020 from 104.40 points in the first quarter of 2020.

Labour Costs in Ireland averaged 111.86 points from 1995 until 2020, reaching an all time high of 150.20 points in the fourth quarter of 2008 and a record low of 90.10 points in the second quarter of 1996. This page provides the latest reported value for - Ireland Labour Costs - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Ireland Labour Costs - values, historical data and charts - was last updated on October of 2020. source: European Central Bank

Labour Costs in Ireland is expected to be 95.15 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 98.18 in 12 months time. In the long-term, the Ireland Labour Costs is projected to trend around 99.98 points in 2021 and 102.18 points in 2022, according to our econometric models.

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Ireland Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
97.40 104.40 150.20 90.10 1995 - 2020 points Quarterly
2010=100, NSA

Ireland Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.40 5.20 17.30 3.90 percent [+]
Employed Persons 2222.50 2372.20 2372.20 1567.70 Thousand [+]
Unemployed Persons 118.70 114.40 356.20 69.90 Thousand [+]
Unemployment Change -14352.00 -18718.00 36254.00 -32270.00 Persons [+]
Part Time Employment 407.00 483.20 490.10 268.40 Thousand [+]
Full Time Employment 1818.30 1880.10 1880.10 1299.00 Thousand [+]
Labor Force Participation Rate 58.90 62.70 66.70 58.90 percent [+]
Long Term Unemployment Rate 1.30 1.60 9.80 1.20 percent [+]
Youth Unemployment Rate 18.90 17.50 32.00 6.20 percent [+]
Labour Costs 97.40 104.40 150.20 90.10 points [+]
Minimum Wages 10.10 9.80 10.10 5.58 EUR/Hour [+]
Wages in Manufacturing 890.53 941.88 941.88 37.03 EUR/Week [+]
Population 4.90 4.83 4.90 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 46151.00 54706.00 196988.00 20203.00 Persons [+]
Wage Growth 6.20 3.70 6.20 -2.90 percent [+]
Wages 819.13 801.83 819.13 676.58 EUR/Week [+]
Productivity 120.60 114.40 120.60 46.70 points [+]
Average Hourly Earnings 25.57 24.81 25.57 20.52 EUR [+]
Average Weekly Hours 32.00 32.30 32.80 30.90 [+]
Employment Change -6.10 0.00 2.50 -6.10 percent [+]
Employment Rate 65.70 69.80 72.50 59.30 percent [+]