Labour cost index, 3rd quarter 2024
Labour costs up in all activities
At the annual level, the labour costs per hour worked increased again, the most in real estate activities.
Labour costs up again, the most in real estate activities
In the 3rd quarter of 2024, the labour costs per hour worked increased on average by 4.4% over the same quarter a year before (in the previous quarter they went up by 6.3% year-on-year). In the same period, earnings per hour worked increased by 4.3% and other labour costs per hour worked by 4.7%.
The labour costs per hour worked went up in all sections of activities. They increased the most in real estate activities (by 7.1%), followed by other service activities (by 6.8%) and transportation and storage (by 6.4%).
In the 2nd 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 2nd 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 Croatia (by 17.5%), followed by Bulgaria (by 15.3%) and Romania (by 15.1%). In the same comparison, the labour costs per hour worked in the EU increased by 5.5%, in the euro area by 5.0% and in Slovenia by 5.7%.
The table with the latest data is available in the SiStat Database.
In the 3rd quarter of 2024, the labour costs per hour worked increased on average by 4.4% over the same quarter a year before (in the previous quarter they went up by 6.3% year-on-year). In the same period, earnings per hour worked increased by 4.3% and other labour costs per hour worked by 4.7%.
The labour costs per hour worked went up in all sections of activities. They increased the most in real estate activities (by 7.1%), followed by other service activities (by 6.8%) and transportation and storage (by 6.4%).
In the 2nd 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 2nd 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 Croatia (by 17.5%), followed by Bulgaria (by 15.3%) and Romania (by 15.1%). In the same comparison, the labour costs per hour worked in the EU increased by 5.5%, in the euro area by 5.0% and in Slovenia by 5.7%.
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. 14 August 2023 is also taken into account as a day off.
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 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 2026.
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 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 2026.
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.
