Increase in labor costs in Latvia – highest in EU in Q3

Total hourly labor costs in the euro area (EA15) rose by 4.0% in nominal terms in the year up to the third quarter of 2008, compared with 2.8% for the previous quarter. In the EU27, the annual rise was 4.1% up to the third quarter of 2008, compared with 3.6% for the previous quarter, reports Eurostat, the Statistical Office of the European Communities. ... Read more...