Labour Costs in Ireland decreased to 88.60 points in the first quarter of 2021 from 100.40 points in the fourth quarter of 2020. source: European Central Bank

Labour Costs in Ireland averaged 111.27 points from 1995 until 2021, 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 July of 2021.

Labour Costs in Ireland is expected to be 98.18 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 102.11 in 12 months time. In the long-term, the Ireland Labour Costs is projected to trend around 104.35 points in 2022 and 106.65 points in 2023, according to our econometric models.

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Ireland Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
88.60 100.40 150.20 84.30 1995 - 2021 points Quarterly
2010=100, NSA

Ireland Labour Last Previous Highest Lowest Unit
Unemployment Rate 7.60 7.80 17.30 3.90 percent [+]
Employed Persons 2250.50 2260.30 2367.50 1567.60 Thousand [+]
Unemployed Persons 170.50 141.70 356.20 68.80 Thousand [+]
Unemployment Change 3582.00 -6270.00 36254.00 -32270.00 Persons [+]
Part Time Employment 433.60 424.40 491.70 268.70 Thousand [+]
Full Time Employment 1805.30 1847.30 1877.10 1297.70 Thousand [+]
Labor Force Participation Rate 60.40 60.50 66.70 56.90 percent [+]
Long Term Unemployment Rate 1.70 1.50 9.80 1.10 percent [+]
Youth Unemployment Rate 18.10 18.10 32.00 6.20 percent [+]
Labour Costs 88.60 100.40 150.20 84.30 points [+]
Minimum Wages 10.20 10.10 10.20 5.58 EUR/Hour [+]
Wages in Manufacturing 976.81 949.27 976.81 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 34012.00 31413.00 196988.00 20203.00 Persons [+]
Wage Growth 8.40 7.70 8.40 -2.90 percent [+]
Wages 867.52 844.98 867.52 676.58 EUR/Week [+]
Productivity 134.00 119.50 134.00 47.30 points [+]
Average Hourly Earnings 26.89 25.56 26.89 20.52 EUR [+]
Average Weekly Hours 32.30 33.10 33.10 30.90 [+]
Employment Change -1.80 0.40 3.30 -5.90 percent [+]
Employment Rate 65.60 67.00 72.50 59.30 percent [+]