Labor Costs: Highest Increases in Estonia and Romania

BusinessEconomy ♦ Published: December 17, 2012; 15:25 ♦ (Vindobona)

Euro area hourly labour costs rose by 2.0%. In the EU27, labour costs were up by 1.9%.

Labor Costs: Highest Increases in Estonia and Romania / Picture: © Wikimedia Commons / Jack Georges [Public Domain]

Hourly labour costs1 in the euro area2 (EA17) rose by 2.0% in the year up to the third quarter of 2012, compared with 1.9% for the second quarter of 2012. In the EU27, the annual rise was 1.9% up to the third quarter of 2012, the same as the previous quarter. These figures are published by Eurostat, the statistical office of the…