Labor costs increased in the EU

Labor costs have increased in the European Union as a whole and in the euro area in the last quarter of last year – according to the data released by Ecostat on Tuesday.

According to the EU Statistical Office, in the last quarter of last year, labor costs per hour in the EU-28 grew by 2.8 percent and in the euro area by 2.3 percent, compared to the same period of 2017. (MTI)