Eurozone Hourly Labor Cost Increases In Q2

BRUSSELS (Alliance News) - Eurozone's hourly labor cost increased at a slightly faster pace in ...

Alliance News 14 September, 2018 | 1:43PM
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BRUSSELS (Alliance News) - Eurozone's hourly labor cost increased at a slightly faster pace in the second quarter, data from Eurostat showed Friday.

Hourly labor cost advanced 2.2% from previous year following a 2.1% rise in the first quarter.

Both components of labor costs, namely wages and salaries, and non-wage costs logged faster growth. The cost of wages and salaries per hour worked grew by 1.9% and the non-wage component by 2.9%.

Copyright RTT News/dpa-AFX

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