Brussels, 15/09/2009 (Agence Europe) - “Euro indicators”, published by Eurostat on Tuesday 15 September demonstrated that total hourly labour costs in the euro area rose by 4.0% in nominal terms in the year up to the second quarter of 2009, compared with 3.6% for the previous quarter. In the EU27, the annual rise was 3.7% up to the second quarter of 2009, compared with 1.3% for the previous quarter.
The two main components of labour costs are wages & salaries and non-wage costs. In the...