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Working in Europe   Hourly wages and salaries

Euro area job vacancy rate 1.7%, labour costs up 1.6%

Europe workersThe job vacancy rate in the euro area (EA19) was 1.7% in the fourth quarter of 2016, up from 1.6% recorded in both the previous quarter and the fourth quarter of 2015, according to Eurostat.

The job vacancy rate in the EU28 was 1.8% in the fourth quarter of 2016, stable compared with the previous quarter and up from 1.7% in the fourth quarter of 2015.

READ MORE Euro area job vacancy rate at 1.6%

In the euro area, the job vacancy rate in the fourth quarter of 2016 was 1.3% in industry and construction, and 2.0% in services. In the EU28, the rate was 1.4% in industry and construction, and 2.1% in services.

Hourly labour costs rose by 1.6% in the euro area (EA19) and by 1.7% in the EU28 in the fourth quarter of 2016, compared with the same quarter of the previous year.

In the third quarter of 2016, hourly labour costs increased by 1.4% and 1.8% respectively. These figures are published by Eurostat.

The two main components of labour costs are wages & salaries and non-wage costs. In the euro area, wages & salaries per hour worked grew by 1.6% and the non-wage component by 1.5%, in the fourth quarter of 2016 compared with the same quarter of the previous year.

In the third quarter of 2016, the annual changes were +1.5% and +1.0% respectively.

In the EU28, hourly wages & salaries rose by 1.8% and the non-wage component by 1.5% in the fourth quarter of 2016. In the third quarter of 2016, annual changes were +1.9% and +1.4% respectively.




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