Labour cost up by 3.3% q/q - Eurostat

The total hourly costs incurred by the employers of maintaining their employees increased by 3.3 percent in Q4 2014 q/q, (compared with an increase of 2.8 percent in Q3), according to data released by the EU’s statistics office Eurostat. Wages and salaries grew by 2.7% year-on-year, while the non-wage component by 5.9 percent y/y. Labour cost increased by 5.5 percent in industry, by 1.8 percent in services and did not change in the construction sector.