FOREX TradingCharts.com

Financial News: Eurozone Hourly Labor Cost Falls Marginally

Eurozone Hourly Labor Cost Falls Marginally

09/15/2021 - 08:02:00 (RTTNews)

(RTTNews) - Eurozone hourly labor costs dropped slightly in the second quarter, data from Eurostat showed on Wednesday.

Hourly labor cost fell 0.1 percent on yearly basis, in contrast to the 1.3 percent increase registered in the first quarter.

The two main components of labor costs are wages and salaries and non-wage costs. The costs of wages and salaries per hour worked dropped 0.4 percent, while the non-wage component rose 0.8 percent.

The fall in euro-zone average hourly labor costs in the second quarter compared to a year earlier was mainly due to pandemic-related distortions to the data that will continue to muddy the picture for another couple of quarters, Jessica Hinds, an economist at Capital Economics, said.

Nevertheless, the spare capacity in the labor market will keep wage growth subdued, the economist added.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Australia Retail Sales Fall Less Than Expected (03 min(s), 23 sec(s) ago)
(RTTNews) - Australia retail sales declined at a slower-than-expected pace in August, data from th ...Full Story»

China Industrial Profits Growth Slows In August (28 min(s), 23 sec(s) ago)
(RTTNews) - China's industrial profits continued to grow at a slower pace as higher input pric ...Full Story»

European Economics Preview: German Consumer Confidence Data Due (46 min(s), 23 sec(s) ago)
(RTTNews) - Consumer confidence survey results from Germany and France are due on Tuesday, headlin ...Full Story»

Bank Of Japan Minutes On Tap For Tuesday (37 min(s), 37 sec(s) ago)
(RTTNews) - The Bank of Japan will on Tuesday release the minutes from the monetary policy meeting ...Full Story»

South Korea Consumer Sentiment Improves In September - BoK (26 min(s), 37 sec(s) ago)
(RTTNews) - Consumer confidence in South Korea picked up steam in September, the latest survey fro ...Full Story»

ECB's Lagarde Says Eurozone Inflation Could Move Higher (55 min(s), 37 sec(s) ago)
(RTTNews) - European Central Bank President Christine Lagarde said Monday that it was possible tha ...Full Story»

U.S. Durable Goods Orders Jump 1.8% In August, Much More Than Expected (19 min(s), 37 sec(s) ago)
(RTTNews) - New orders for U.S. manufactured durable goods increased by much more than expected in ...Full Story»

Germany Inflation To Rise Up To 5% Temporarily, Says Bundesbank (36 min(s), 37 sec(s) ago)
(RTTNews) - Germany's inflation is likely to rise sharply from the current level due to the VA ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Australia Retail Sales Fall Less Than Expected

09/28/2021 - 01:19 AM (RTTNews)
(RTTNews) - Australia retail sales declined at a slower-than-expected pace in August, data from th ...Full Story>>

China Industrial Profits Growth Slows In August

09/28/2021 - 00:54 AM (RTTNews)
(RTTNews) - China's industrial profits continued to grow at a slower pace as higher input pric ...Full Story>>

European Economics Preview: German Consumer Confidence Data Due

09/28/2021 - 00:36 AM (RTTNews)
(RTTNews) - Consumer confidence survey results from Germany and France are due on Tuesday, headlin ...Full Story>>

Bank Of Japan Minutes On Tap For Tuesday

09/27/2021 - 18:00 PM (RTTNews)
(RTTNews) - The Bank of Japan will on Tuesday release the minutes from the monetary policy meeting ...Full Story>>

South Korea Consumer Sentiment Improves In September - BoK

09/27/2021 - 17:49 PM (RTTNews)
(RTTNews) - Consumer confidence in South Korea picked up steam in September, the latest survey fro ...Full Story>>

Do not sell my personal information

Copyright © 2021. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.