Concept selected: Labour cost index (LCI)

Definition

The labour cost index (LCI) is defined as the Laspeyres index of labour costs per hour worked, chain linked annually and based upon a fixed structure of economic activity at NACE Rev.1 section level.

Source

Regulation (EC) No 450/2003 of the European Parliament and of the Council of 27 February 2003 concerning the labour cost indexMore information

Topic

• Work, income and wage costs

Statistical operations (links to the Inventory of Statistical Operations)

• 30187 - Quarterly Labour Cost Survey (QLCS)
• 30211 - Harmonised Labour Cost Index

Concepts associated

• Compensation of employees (D.1)
• Labour costs (D)
• Subsidies received by the employer (D.5)