# Euro Area Unit Labor Costs

Euro Area Unit Labor Costs was up 2.6% year on year in Q2 2026, compared with 3.6% in Q1 2026.
The level stood at 120.5 (Index, 2020=100).
That is the lowest reading since Q1 2022.
Over the past ten years it has ranged from −4.3% (Q2 2021) to 8.2% (Q2 2020), averaging 2.7%.

- Source agency: Eurostat (Statistical Office of the European Union)
- Makrognosis code: `EA.ULC.Q.SA`
- Frequency: quarterly
- Units: Index, 2020=100
- Coverage: 1995-01-01 to 2026-04-01 (126 observations)
- Page: https://makrognosis.robomacro.com/data/euro-area/unit-labor-costs

## Recent data

| Period | Value | Y/Y % |
|---|---:|---:|
| Q2 2026 | 120.5 | 2.6 |
| Q1 2026 | 120.1 | 3.6 |
| Q4 2025 | 119.1 | 3.3 |
| Q3 2025 | 118.2 | 3.4 |
| Q2 2025 | 117.4 | 3.3 |
| Q1 2025 | 116.0 | 3.0 |
| Q4 2024 | 115.3 | 3.3 |
| Q3 2024 | 114.2 | 4.1 |
| Q2 2024 | 113.6 | 4.7 |
| Q1 2024 | 112.7 | 5.0 |
| Q4 2023 | 111.6 | 6.3 |
| Q3 2023 | 109.8 | 6.6 |
| Q2 2023 | 108.5 | 6.7 |
| Q1 2023 | 107.3 | 6.0 |
| Q4 2022 | 105.0 | 4.4 |
| Q3 2022 | 103.0 | 3.2 |
| Q2 2022 | 101.7 | 3.1 |
| Q1 2022 | 101.3 | 2.4 |
| Q4 2021 | 100.6 | 0.9 |
| Q3 2021 | 99.83 | 1.0 |
| Q2 2021 | 98.64 | −4.3 |
| Q1 2021 | 98.97 | 0.6 |
| Q4 2020 | 99.68 | 3.4 |
| Q3 2020 | 98.82 | 3.2 |

## API

```
curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/series/EA.ULC.Q.SA"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/EA.ULC.Q.SA",
                 headers={"X-API-Key": KEY})
obs = r.json()["observations"]
```