In the Euro Area, the Labour Cost Index provides a short-term indication of the development of hourly labor costs experienced by employers in nominal terms, that is, without taking into account price developments. It is computed by dividing the cost of labor in national currency by the number of hours worked in that currency. In order to measure quarterly variations in hourly employers' expenses, total labor costs and their primary components: wages and salaries; and nonwage expenditures are taken into consideration (labor costs other than wages and salaries). Wage and non-wage expenditures, as well as subsidies, are included in total labor costs (TOT). However, they do not cover expenditures for occupational training or other expenses such as recruitment charges, expenditures for working attire, and so on.
A higher than expected figure should be seen as positive (bullish) for the EUR while a lower than expected figure should be seen as negative (bearish) for the EUR.
Source:
EUROSTAT
Category:
Labour Costs
Units:
Percent
Details
Impact
Low
Country
Currency
EUR
Latest Release
Previous
1.3%
Consensus
3.8%
Actual
-0.1%
Next Release
Date
Dec 16, 08:00
Time left
86 days
Forex Sentiment (EUR)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| EURUSD |
|
|
1.1602 -128 pips |
1.1817 -87 pips |
1.17302 | |
| EURAUD |
|
|
1.5971 -185 pips |
1.6261 -105 pips |
1.6156 | |
| EURJPY |
|
|
126.0901 -245 pips |
129.2519 -71 pips |
128.538 | |
| EURCAD |
|
|
1.4926 -75 pips |
1.5110 -109 pips |
1.50005 | |
| EURCHF |
|
|
1.0833 -50 pips |
1.0935 -52 pips |
1.0883 | |
| EURCZK |
|
|
0 -254491 pips |
25.4914 -423 pips |
25.4491 | |
| EURGBP |
|
|
0.8548 -36 pips |
0.8678 -94 pips |
0.85844 | |
| EURHUF |
|
|
337.2600 -1652 pips |
355.9591 -218 pips |
353.778 | |
| EURNOK |
|
|
9.7895 -4069 pips |
10.2779 -815 pips |
10.19643 | |
| EURNZD |
|
|
1.6667 -44 pips |
1.6838 -127 pips |
1.67114 |
