Irish Economy
Irish Economy: Average hourly total labour costs fell 1.9% in four years to Q3 2014
By Finfacts Team
Nov 26, 2014 - 7:44 AM

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Irish Economy: Average hourly total labour costs fell by 1.9% over the four years to Q3 2014 from €24.72 to €24.26 per hour according to the CSO on Tuesday.

The percentage changes across the sectors ranged from -10.8% in the Education sector (from €40.66 to €36.28) to +7.6% in the Information and communication sector (from €31.51 to €33.90).

Average hourly total labour costs decreased by 1.1% over the year to Q3 2014 from €24.52 to €24.26.  The largest percentage fall in total labour costs was seen in the Professional, scientific and technical activities sector, falling by 7.0% from €28.80 to €26.77 per hour. The Industry sector recorded the largest percentage increase in average hourly total labour cost, increasing 2.9% from €25.96 to €26.71.

Across the economic sectors average weekly earnings increased in 6 of the 13 sectors in the year to Q3 2014, with the largest percentage increase in the Industry sector (+3.4%) from €805.44 to €832.59. The largest percentage sectoral decrease was recorded in the Professional, scientific and technical activities sector which saw weekly earning fall from €792.27 to €750.35 (-5.3%).

Weekly average earnings in the private sector showed a decrease of 0.4% (-€2.24) from €608.22 to €605.98 in the year to Q3 2014 compared with a decrease of 0.9% (-€8.13) in the public sector (including semi-state sector) from €914.02 to €905.89.

Over the 4 year period Q3 2010 to Q3 2014 average weekly earnings across individual  sectors show changes ranging between -12.1%, for the Education sector decreasing from €889.91 to €782.63, and +7.3%, for the Construction sector increasing from €661.65 to €709.82.

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