Labour Market (including the Labour Force Survey)
Labour market statistics measure the involvement of individuals, households and businesses in the labour market. They cover short-term and structural aspects of the labour market, both for the supply and the demand side, in monetary and non-monetary terms.
These aspects include:
- Employment and unemployment − the Labour Force Survey (LFS)
- Job vacancies
- Earnings − gross and net earnings, the Structure of Earnings Survey (SES), gender pay gap, minimum wages
- Labour costs incurred by businesses − the quarterly Labour Cost Index (LCI), annual labour costs data, the Labour Cost Survey (LCS)
- Labour market policies (LMPs)
- Labour disputes
Additional data concerning the labour market can be found in other sections, notably in national accounts and regional statistics.
Use of Data
Statistics on the labour market are used to monitor the Europe 2020 strategy, the European Employment Strategy (EES) and respond to the requirements of economic and monetary policy in the European Union:
- Annual statistics make a key contribution to the indicator sets for the Europe 2020 strategy, and in particular for the employment guidelines (part II of the Europe 2020 Integrated Guidelines).
- Infra-annual statistics such as monthly unemployment rates, the Labour Cost Index (LCI) and the quarterly job vacancy statistics (JVS), which belong to the Principal European Economic Indicators (PEEIs), provide important information for business cycle analysis and policy decisions.
Labour market statistics are also directly relevant to citizens since employment and unemployment are of central concern to individuals and society.