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Europe Labor Market: Difference between revisions
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'''In the third quarter of 2023 the hourly labour costs rose by 5.3% in the euro area and by 5.7% in the E'''U, compared with the same quarter of the previous year. | '''In the third quarter of 2023 the hourly labour costs rose by 5.3% in the euro area and by 5.7% in the E'''U, compared with the same quarter of the previous year. <ref>https://ec.europa.eu/eurostat/documents/2995521/18133596/3-15122023-BP-EN.pdf/f5a6a8b7-0aca-98ce-2cab-b51e064c726c</ref> | ||
* In the euro area, wages & salaries per hour worked increased by 5.3%, while the non-wage component rose by 5.1% in the third quarter of 2023, compared with the same quarter of the previous year. In the EU, hourly wages & salaries increased by 5.8% and the non-wage component by 5.4% in the third quarter of 2023. | * In the euro area, wages & salaries per hour worked increased by 5.3%, while the non-wage component rose by 5.1% in the third quarter of 2023, compared with the same quarter of the previous year. In the EU, hourly wages & salaries increased by 5.8% and the non-wage component by 5.4% in the third quarter of 2023. | ||