Labour Costs in Ireland increased to 97.50 points in the fourth quarter of 2019 from 93.70 points in the third quarter of 2019.

Labour Costs in Ireland averaged 111.08 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. 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 June of 2020. source: European Central Bank

Labour Costs in Ireland is expected to be 104.13 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 100.13 in 12 months time. In the long-term, the Ireland Labour Costs is projected to trend around 102.64 points in 2021 and 105.20 points in 2022, according to our econometric models.

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Ireland Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
97.50 93.70 148.90 89.10 1995 - 2019 points Quarterly
2010=100, NSA

Ireland Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.60 5.40 17.30 3.90 percent [+]
Employed Persons 2372.20 2350.60 2372.20 1567.70 Thousand [+]
Unemployed Persons 114.40 110.60 356.20 69.90 Thousand [+]
Unemployment Change 9532.00 22593.00 36254.00 -32270.00 Persons [+]
Part Time Employment 483.20 490.10 490.10 268.40 Thousand [+]
Full Time Employment 1880.10 1864.90 1880.10 1299.00 Thousand [+]
Labor Force Participation Rate 62.70 62.60 66.70 59.80 percent [+]
Long Term Unemployment Rate 1.60 1.40 9.80 1.20 percent [+]
Youth Unemployment Rate 13.50 12.60 31.60 6.20 percent [+]
Labour Costs 97.50 93.70 148.90 89.10 points [+]
Minimum Wages 10.10 9.80 10.10 5.58 EUR/Hour [+]
Wages in Manufacturing 905.14 862.30 912.38 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 58000.00 53992.00 196988.00 20203.00 Persons [+]
Wage Growth 3.50 3.60 3.60 -2.90 percent [+]
Wages 783.62 768.14 783.62 676.58 EUR/Week [+]
Productivity 114.50 113.30 114.50 46.70 points [+]
Average Hourly Earnings 24.17 23.53 24.17 20.52 EUR [+]
Average Weekly Hours 32.40 32.60 32.80 30.90 [+]
Employment Change 1.30 0.90 2.50 -3.70 percent [+]
Employment Rate 69.80 70.20 72.50 59.30 percent [+]