Labour cost index, 2nd quarter 2024
The highest annual increase in the labour costs in construction
At the annual level, the labour costs per hour worked increased again, the most in construction.
Labour costs again up in almost all sections of activities
In the 2nd quarter of 2024, the labour costs per hour worked increased on average by 6.3% over the same quarter a year before (in the previous quarter they went up by 8.0% year-on-year). In the same period, earnings per hour worked increased by 6.4% and other labour costs per hour worked by 5.9%.
The labour costs per hour worked went up in almost all sections of activities. They increased the most in construction (by 13.6%), followed by administrative and support service activities (by 9.9%). They went down only in three sections of activities, i.e. in public administration and defence, compulsory social security (by 4.9%), in agriculture, forestry and fishing (by 3.8%) and in mining and quarrying (by 1.4%).
In the 1st quarter of this year, the labour costs higher in all EU Member States
According to Eurostat data, compared to the same quarter of the previous year, in the 1st quarter of 2024 the labour costs per hour worked (agriculture, forestry and fishing excluded) were higher in all EU Member States. They increased the most in Romania (by 16.3%), followed by Bulgaria (by 16.1%) and Croatia (by 15.2%). In the same comparison, the labour costs per hour worked in the EU increased by 4.8%, in the euro area by 4.3% and in Slovenia by 9.7%.
The table with the latest data is available in the SiStat Database.
In the 2nd quarter of 2024, the labour costs per hour worked increased on average by 6.3% over the same quarter a year before (in the previous quarter they went up by 8.0% year-on-year). In the same period, earnings per hour worked increased by 6.4% and other labour costs per hour worked by 5.9%.
The labour costs per hour worked went up in almost all sections of activities. They increased the most in construction (by 13.6%), followed by administrative and support service activities (by 9.9%). They went down only in three sections of activities, i.e. in public administration and defence, compulsory social security (by 4.9%), in agriculture, forestry and fishing (by 3.8%) and in mining and quarrying (by 1.4%).
In the 1st quarter of this year, the labour costs higher in all EU Member States
According to Eurostat data, compared to the same quarter of the previous year, in the 1st quarter of 2024 the labour costs per hour worked (agriculture, forestry and fishing excluded) were higher in all EU Member States. They increased the most in Romania (by 16.3%), followed by Bulgaria (by 16.1%) and Croatia (by 15.2%). In the same comparison, the labour costs per hour worked in the EU increased by 4.8%, in the euro area by 4.3% and in Slovenia by 9.7%.
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
Data are seasonally adjusted.
With the data for the first quarter of 2024, the statistical survey Earnings is used as a new source for statistical survey Labor Cost Index (until the fourth quarter of 2023, the data of the statistical survey Earnings of Persons in Paid Employment by Legal Persons (ZAP/M) was used). More about the statistical survey Earnings in the methodological explanations for this survey as well as in the methodological note in the first release Earnings of persons in paid employment by legal persons, April 2024, published on 21 June 2024.
Final data are expected to be published after the planned revision of the survey, probably by the end of 2025.
Additional explanations are available in the methodological explanations.
With the data for the first quarter of 2024, the statistical survey Earnings is used as a new source for statistical survey Labor Cost Index (until the fourth quarter of 2023, the data of the statistical survey Earnings of Persons in Paid Employment by Legal Persons (ZAP/M) was used). More about the statistical survey Earnings in the methodological explanations for this survey as well as in the methodological note in the first release Earnings of persons in paid employment by legal persons, April 2024, published on 21 June 2024.
Final data are expected to be published after the planned revision of the survey, probably by the end of 2025.
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.
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