Latest News

Eurozone Hourly Labor Cost Growth Slows In Q4

0

Eurozone hourly labor costs increased at a slower pace in the fourth quarter, data from Eurostat showed on Friday.

Hourly labor costs grew 1.9 percent on a yearly basis, slower than the 2.3 percent increase seen in the third quarter.

The two main components of labor costs are wages and salaries and non-wage costs. Wages and salaries climbed 1.5 percent after a 2.2 percent rise. Meanwhile, the non-wage component rose at a faster rate of 3.4 percent following a 2.6 percent increase.

The EU labor cost gained 2.3 percent annually versus third quarter’s 2.8 percent increase.

Loonie Little Changed After Canada Retail Sales

Previous article

The Fed Is Too Late to Fight Inflation

Next article

You may also like

Comments

Leave a reply

Your email address will not be published.

More in Latest News