|Author (Corporate)||European Commission|
|Series Details||COM (2019) 113|
|Content Type||Policy-making, Report, Statistics|
Report presented on 28 February 2019 by the European Commission focusing on the quality of the Labour Cost Index (LCI) data received for the period from the third quarter of 2016 to the first quarter of 2018.
Regulation (EC) No 450/2003 concerning the labour cost index (LCI) establishes a common framework for Member States to produce comparable LCIs and provide them to the Commission.
The LCI measures quarterly changes in total hourly labour costs borne by employers, making it possible to monitor developments in the cost pressure arising from the production factor ‘labour’. It belongs to the family of euro-indicators that provide information on economic developments in the euro area.
The Commission (Eurostat) publishes a quarterly news release on the LCI on its website, which contains a complete dataset broken down by economic activity and by the components of labour costs (wage and non-wage costs). The website also includes quarter-on-quarter and year-on-year growth rates.
|Subject Categories||Employment and Social Affairs|
|Subject Tags||Labour Market|
|Keywords||Labour Cost Index [LCI]
|International Organisations||European Union [EU]|