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Europe Daily Bulletin No. 9740

16 September 2008
Contents Publication in full By article 18 / 33
GENERAL NEWS / (eu) eu/economy
Rise in wage costs in Europe

Brussels, 15/09/2008 (Agence Europe) - In the second quarter of 2008 the hourly cost of labour in the euro area increased at an annual rate of 2.7%, compared with 3.5% in the preceding quarter. According to data published on Monday 15 September by Eurostat, the annual rise in the EU 27 was 3.4% in the second quarter of 2008, compared to 4.4% in the first quarter. The two main components of labour costs are wages and salaries and non-wage costs. In the euro area, wages and salaries increased...

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