In the first quarter of 2024, hourly labor costs increased by 5.1% in the eurozone and by 5.5% in the European Union compared to the same period last year, according to data released by the European statistical authority (Eurostat).

Wages and non-wage costs both contributed to this increase. In the eurozone, hourly wages grew by 5.3% and non-wage costs by 4.5%, while in the EU, these figures were 5.8% and 4.8%, respectively.

Greece saw a significant rise in hourly labor costs, increasing by 7.9%, with the business economy experiencing a 10% hike. Sector-specific increases in Greece were 7.3% in industry, 13.9% in construction, and 13.1% in services.

Hourly labor costs in the eurozone rose by 5.3% in the non-business economy and 5.0% in the business economy, with industry up 4.8%, construction 5.2%, and services 5.0%. In the EU, these costs increased by 5.6% in the non-business economy and 5.5% in the business economy, with industry, construction, and services each up by 5.5%, 5.8%, and 5.5%, respectively.

The EU saw the highest increases in hourly wages in Arts, entertainment, and recreation (+8.7%) and Mining and quarrying (+7.8%), while Real estate activities (+0.7%) and Electricity, gas, steam, and air conditioning supply (+2.3%) had the lowest. Non-wage cost increases were led by Accommodation and food service activities (+7.1%) and Arts, entertainment, and recreation (+7.0%).

Romania (+16.4%), Bulgaria (+15.8%), Croatia (+15.3%), Poland (+14.1%), and Hungary (+13.7%) recorded the highest increases in hourly wages, with Latvia (+12.7%) and Lithuania (+11.1%) also seeing notable rises.


Ακολουθήστε τον ot.grστο Google News και μάθετε πρώτοι όλες τις ειδήσεις
Δείτε όλες τις τελευταίες Ειδήσεις από την Ελλάδα και τον Κόσμο, στον

Latest News

Πρόσφατα Άρθρα Επικαιρότητα