Labour cost index, 4th quarter 2024
The same as in the previous quarter, labour costs up in all sections of activities
As in the previous quarter, at the annual level, the labour costs per hour worked increased again in all sections of activities, the most in mining and quarrying.
Labour costs up again in all sections of activities, the most in mining and quarrying
In the 4th quarter of 2024, the labour costs per hour worked increased on average by 6.8% over the same quarter a year before (in the previous quarter they went up by 4.3% year-on-year). In the same period, earnings per hour worked increased by 7.0% and other labour costs per hour worked by 5.5%.
The labour costs per hour worked went up in all sections of activities. They increased the most in mining and quarrying (by 16.5%), followed by real estate activities (by 12.5%) and construction (by 10.4%). They increased the least in public administration and defence, compulsory social security (by 1.3%), followed by arts, entertainment and recreation (by 2.8%).
Except in Greece, in the 3rd quarter 2024, the labour costs higher in all EU Member States
According to Eurostat data, compared to the same quarter of the previous year, in the 3rd quarter of 2024 the labour costs per hour worked (agriculture, forestry and fishing excluded) were higher in all EU Member States, except in Greece, where they decreased by 1.5%. They increased the most in Romania (by 16.6%), followed by Croatia (by 14.8%) and Hungary (by 13.6%). In the same comparison, the labour costs per hour worked in the EU increased by 5.3%, in the euro area by 4.8% and in Slovenia by 5.7%.
The table with the latest data is available in the SiStat Database.
In the 4th quarter of 2024, the labour costs per hour worked increased on average by 6.8% over the same quarter a year before (in the previous quarter they went up by 4.3% year-on-year). In the same period, earnings per hour worked increased by 7.0% and other labour costs per hour worked by 5.5%.
The labour costs per hour worked went up in all sections of activities. They increased the most in mining and quarrying (by 16.5%), followed by real estate activities (by 12.5%) and construction (by 10.4%). They increased the least in public administration and defence, compulsory social security (by 1.3%), followed by arts, entertainment and recreation (by 2.8%).
Except in Greece, in the 3rd quarter 2024, the labour costs higher in all EU Member States
According to Eurostat data, compared to the same quarter of the previous year, in the 3rd quarter of 2024 the labour costs per hour worked (agriculture, forestry and fishing excluded) were higher in all EU Member States, except in Greece, where they decreased by 1.5%. They increased the most in Romania (by 16.6%), followed by Croatia (by 14.8%) and Hungary (by 13.6%). In the same comparison, the labour costs per hour worked in the EU increased by 5.3%, in the euro area by 4.8% 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
Data are calendar adjusted. | |||||||||||||||||||||||
METHODOLOGICAL NOTE
Data are seasonally and calendar adjusted.
With the data for the first quarter of 2024, the statistical survey Earnings is used as a new source for the statistical survey Labour 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) were 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 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 the statistical survey Labour 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) were 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 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.
