Labour cost index, 2nd quarter 2023
Labour costs up in all activities
At the annual level, the labour costs per hour worked increased again, the most in mining and quarrying.
Labour costs up again
In the 2nd quarter of 2023, the labour costs per hour worked increased on average by 14.6% over the second quarter a year before (in the previous quarter they went up by 7.1% year-on-year). In the same period, earnings per hour worked also increased by 14.6% and other labour costs per hour worked by 14.0%. The growth is the result of a lower number of hours worked and higher earnings in the mentioned period; according to the monthly statistical survey on Earnings of Persons in Paid Employment by Legal Persons, in the same period average gross earnings per person in paid employment went up by 9.9%.
The labour costs per hour worked went up in all activities, the most in mining and quarrying (by 27.9%), followed by public administration and defence, compulsory social security (by 19.8%) and electricity, gas, steam and air conditioning supply (by 17.8%). The growth of labour costs per hour worked in public administration and defence, compulsory social security was mainly the result of higher ranking of jobs (mostly by 1 salary grade) from 1 April 2023 on within the framework of the Agreement Regulating Measures Relating to Salaries and Other Labour Costs in the Public Sector for 2022 and 2023. In the other two mentioned activities the growth of labour costs per hour worked was mainly due to higher extra payments.
In the 1st quarter of this year, the labour costs higher in almost all EU Member States
According to Eurostat data, compared to the 1st quarter of 2022, in the 1st quarter of 2023 the labour costs per hour worked (agriculture, forestry and fishing excluded) increased in almost all EU Member States, except in Ireland, where they decreased by 1.2%, while for Greece for this period data are not available. They increased the most in Bulgaria (by 15.3%), followed by Romania (by 14.2%) and Lithuania (by 13.8%). In the same comparison, the labour costs per hour worked in the EU increased by 5.0%, in the euro area by 4.7% and in Slovenia by 7.1%.
The table with the latest data is available in the SiStat Database.
In the 2nd quarter of 2023, the labour costs per hour worked increased on average by 14.6% over the second quarter a year before (in the previous quarter they went up by 7.1% year-on-year). In the same period, earnings per hour worked also increased by 14.6% and other labour costs per hour worked by 14.0%. The growth is the result of a lower number of hours worked and higher earnings in the mentioned period; according to the monthly statistical survey on Earnings of Persons in Paid Employment by Legal Persons, in the same period average gross earnings per person in paid employment went up by 9.9%.
The labour costs per hour worked went up in all activities, the most in mining and quarrying (by 27.9%), followed by public administration and defence, compulsory social security (by 19.8%) and electricity, gas, steam and air conditioning supply (by 17.8%). The growth of labour costs per hour worked in public administration and defence, compulsory social security was mainly the result of higher ranking of jobs (mostly by 1 salary grade) from 1 April 2023 on within the framework of the Agreement Regulating Measures Relating to Salaries and Other Labour Costs in the Public Sector for 2022 and 2023. In the other two mentioned activities the growth of labour costs per hour worked was mainly due to higher extra payments.
In the 1st quarter of this year, the labour costs higher in almost all EU Member States
According to Eurostat data, compared to the 1st quarter of 2022, in the 1st quarter of 2023 the labour costs per hour worked (agriculture, forestry and fishing excluded) increased in almost all EU Member States, except in Ireland, where they decreased by 1.2%, while for Greece for this period data are not available. They increased the most in Bulgaria (by 15.3%), followed by Romania (by 14.2%) and Lithuania (by 13.8%). In the same comparison, the labour costs per hour worked in the EU increased by 5.0%, in the euro area by 4.7% and in Slovenia by 7.1%.
The table with the latest data is available in the SiStat Database.
Labour cost index, Slovenia
Labour cost index, Slovenia
… not available Data are calendar adjusted. | |||||||||||||||||||||||
METHODOLOGICAL NOTE
From the 1st quarter of 2023 on, the base year for calculating labour costs indices is 2020. Due to rounding, the data can differ slightly from the already published data for the previous quarters.
Data are seasonally adjusted.
Final data are expected to be published after the planned revision of the survey, probably by the end of 2024.
Additional explanations are available in the methodological explanations.
Data are seasonally adjusted.
Final data are expected to be published after the planned revision of the survey, probably by the end of 2024.
Additional explanations are available in the methodological explanations.
When making use of the data and information of the Statistical Office of the Republic of Slovenia, always add: "Source: SURS". More: Copyright.
