Labour market and wage developments in 2007, with special focus on the economic impact of immigration

This report analyses labour market and wage developments in the European Union in 2007 from a macroeconomic perspective, looking at the main geographical aggregations. The macroeconomic focus has been adopted in order to shed light on the interaction of employment trends with developments of key macroeconomic variables such as productivity and GDP.

This report is a contribution to the overall efforts to upgrade the monitoring of macroeconomic developments in the EU and the euro area within the framework of the revamped Lisbon strategy for 'Growth and Jobs' and the EMU@10 Communication. To this end, it presents an analytical interpretation of the most recent trends and prospects on both the quantity side (participation, unemployment and employment rates) and the labour cost side (wage and unit labour cost developments). The report includes a statistical annex that provides data on key labour market aggregates for each Member States.