Labour Costs in Ireland increased to 100.40 points in the fourth quarter of 2020 from 84.30 points in the third quarter of 2020. source: European Central Bank

Labour Costs in Ireland averaged 111.48 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 84.30 points in the third quarter of 2020. 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 May of 2021.

Labour Costs in Ireland is expected to be 103.77 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 85.73 in 12 months time. In the long-term, the Ireland Labour Costs is projected to trend around 87.62 points in 2022 and 89.55 points in 2023, according to our econometric models.

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Ireland Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
100.40 84.30 150.20 84.30 1995 - 2020 points Quarterly
2010=100, NSA

Ireland Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.80 5.80 17.30 3.90 percent [+]
Employed Persons 2297.70 2289.00 2372.20 1567.70 Thousand [+]
Unemployed Persons 138.90 174.70 356.20 69.90 Thousand [+]
Unemployment Change -3606.00 -1841.00 36254.00 -32270.00 Persons [+]
Part Time Employment 437.80 440.30 490.10 268.40 Thousand [+]
Full Time Employment 1868.50 1846.70 1880.10 1299.00 Thousand [+]
Labor Force Participation Rate 61.30 61.70 66.70 58.90 percent [+]
Long Term Unemployment Rate 1.40 1.30 9.80 1.20 percent [+]
Youth Unemployment Rate 15.70 15.50 32.00 6.20 percent [+]
Labour Costs 100.40 84.30 150.20 84.30 points [+]
Minimum Wages 10.20 10.10 10.20 5.58 EUR/Hour [+]
Wages in Manufacturing 949.27 871.35 949.27 37.03 EUR/Week [+]
Population 4.96 4.90 4.96 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 36431.00 38446.00 196988.00 20203.00 Persons [+]
Wage Growth 7.50 3.30 7.50 -2.90 percent [+]
Wages 844.98 797.83 844.98 676.58 EUR/Week [+]
Productivity 118.50 127.20 127.20 46.70 points [+]
Average Hourly Earnings 25.56 24.44 25.57 20.52 EUR [+]
Average Weekly Hours 33.10 32.60 33.10 30.90 [+]
Employment Change 0.30 3.20 3.30 -6.00 percent [+]
Employment Rate 67.80 67.70 72.50 59.30 percent [+]