| Click for the Finfacts Ireland Portal Homepage |

Finfacts Business News Centre

Home 
 
 News
 Irish
 Irish Economy
 EU Economy
 US Economy
 UK Economy
 Global Economy
 International
 Property
 Innovation
 
 Analysis/Comment
 
 Asia Economy


Finfacts changes from 2015

RSS FEED


How to use our RSS feed

Follow Finfacts on Twitter

 
Web Finfacts

See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management system.

Welcome

Finfacts is Ireland's leading business information site and you are in its business news section.

Links

Finfacts Homepage

Irish Share Prices

Euribor Daily Rates

Global Cost of Living

Irish Tax - Income/Corporate

 

Feedback

 

Content Management by interactivetools.com.

News : Irish Economy Last Updated: Jan 7, 2015 - 10:37 AM


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

Email this article
 Printer friendly page

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.

Related links:

Irish Economy 2014: Numbers on Live Register + public schemes at 447,000 in October - 20% of workforce

Declining regular work; Rising low-paid freelancing in Ireland & elsewhere - Part 1-4

Young and jobless? The solution isn’t always university

Q1 2011-Q2 2014: Irish employee jobs up 21,000; 130,000 part-timers seeking full-time work

Japan's Labour Market: Lifers, temps and banishment rooms

South Korea: A rich/ poor country - grim model for future world of irregular work?

German living standard highest in Europe; Irish, Italians, Spanish among Eurozone's poorest

IMF says 70% of new employment contracts in Italy are temporary

Related Articles


© Copyright 2015 by Finfacts.ie

Top of Page

Irish Economy
Latest Headlines
Finfacts launches new news site
Irish Farmers & Milk Prices: 'Shackles' off in April; Demanding safety-net in August
Irish pension managed funds returns at over 12% year-to-date in 2015
Irish chartered accountants' salary packages surge 13% in 12 months
Irish services PMI fastest rate since late 2006; Official data up only 2.4% in 12 months
Irish Economy: Tax €893m above target in year to July — €653m from corporation tax
Fact and Fiction: Time to review Ireland's economic statistics?
Irish M&A deals H1 2015: Dutch or UK firm acquires Irish firm for €32.6bn - they are both American
Irish manufacturing PMI strong in July
Irish Economy: Fall in GNP in Q1 2015; GDP rises
Irish Economy 2015: Central Bank lauds strong recovery; Time to start paying down debt
Irish Budget 2016: Ibec demands 20 tax cuts, spending and investment rises
Low pay in Ireland; Lowest social security & corporate taxes in Europe
Ireland vs Greece: Enda Kenny's false claims on growth, taxes and debt
Irish standard of living in 2014 below Euro Area average, Italian level; Prices 5th highest in EU28
Irish goods exports rose a record 30% in April - due to fake tax-related transactions
Mexican tall ship to sail into Dublin on June 17th
Irish industrial production up 20% in first four months of 2015; Construction down 2.6% in first quarter
Irish Economy 2015: ESRI slams return to boom-time pro-cyclical fiscal policy
Irish pension fund returns in average range 1.6% - 1.8% in May 2015
Irish service sector PMI remains strong; Tax avoidance clouds data
Ireland: Official unemployment rate at 9.8% in May; Broad rate at 19% — 440,000 people
Ireland: Fiscal Council warns of dodgy forecasts, no plan; OECD warns of new property bubble
Irish Public Finances: Tax revenue in first five months of 2015 €734m ahead of target
No simple measure of economic progress in Ireland: GDP & GNP defective
Irish manufacturing PMI rises in May; Production up unbelievable 45% in year to March!
ESRI says data volatility hinders Irish economic forecasting; Tax avoidance taboo cause
Ireland at 16 in international competitiveness ranking; US, Singapore and Hong Kong on top
Irish Economy 2015: Sectors to add 200,000 jobs?; Broad jobless rate at 19%
Irish Export Performance: Myths and reality - Ireland is a poor exporter
Irish Economy: 41,300 jobs added in 12 months to Q1 2015 - Construction up 19,600
China-Ireland: Economic relationship on a slow burn
Estonia, Austria, France, Ireland head global alcohol rankings
Irish Exchequer Returns: Tax receipts under target in April but ahead in year
Irish service sector PMI rose in April
Irish manufacturing PMI remained strong in April- includes overseas manufacturing
Irish Live Register + 90,000 activation scheme numbers at 439,000 in April
Ireland: Coalition drops 2018 full-employment target
Ireland Spring Statement: Noonan promises 200,000 net new jobs by 2018
Irish Economy 2015: Retail sales volume up 1.4% in month of March