Hourly labour costs have increased by 18 santims
Data compiled by the Central Statistical Bureau show that, compared to the 2nd quarter of the previous year, hourly labour costs in the country in the 2nd quarter of 2013 have grown by 18 santims or by 4.3%.
Seasonally adjusted data (differences in the number of calendar days and seasonal influence is averted) show that labour costs have increased by 4.5%.
Changes in hourly labour costs over corresponding quarter of previous year, %
Data source: Central Statistical Bureau of Latvia
The most notable rise in hourly labour costs during the year was observed in mining and quarrying – of 16.3%. Labour costs (both wages and employer’s voluntary social insurance payments and benefits) in this sector have risen by 8.6%, while mainly because of the reduction in employee number during the 2nd quarter of 2013, as compared to 2nd quarter of 2012, the number of hours worked has dropped by 6.7%.
Significant changes in hourly labour costs were observed also in water supply; sewerage, waste management and remediation activities – of 8.7%, construction – of 8.5% as well asfinancial and insurance activities – of 7.5%.
Increase in construction was mainly because of the growth of regular wages and salaries. Whereas in financial and insurance activities rise was recorded in both regular wages and irregular premiums and bonuses; the number of hours worked, in turn, has diminished mainly because of the employees made redundant.
Higher irregular remunerations left influence on the labour costs also in water supply; sewerage, waste management and remediation activities.In this sector also voluntary social insurance payments and employer’s benefits have risen; while increase in the number of hours worked in the 2nd quarter of this year, as compared to 2nd quarter of 2012, notably stayed behind the increase of labour costs, comprising 1.8% and 10.7%, respectively.
Mainly due to the reduction of irregular payments, transport and storage indicated a drop in the hourly labour costs (-0.4%).
Changes in hourly labour costs and wages in 2nd quarter of 2013 by economic activity
(seasonally non-adjusted data, LVL)
hourly labour costs
of which hourly wages and salaries
Mining and quarrying (B)
Electricity, gas, steam and air conditioning supply (D)
Water supply; sewerage, waste management and remediation activities (E)
Wholesale and retail trade;
repair of motor vehicles and motorcycles (G)
Transportation and storage (H)
Accommodation and food service activities (I)
Information and communication (J)
Financial and insurance activities (K)
Real estate activities (L)
Professional, scientific and technical activities (M)
Administrative and support service activities (N)
Public administration and defence; compulsory social security (O)
Human health and social work activities (Q)
Arts, entertainment and recreation (R)
Other service activities (S)
Both seasonally adjusted and seasonally non-adjusted data are available in the CSB database.
Hourly labour costs include gross wages and salaries and other labour costs.
Wages and salaries are regular and irregular direct wages and salaries – basic salary (monthly, wage), payment for time worked or job completed, regular and irregular premiums and bonuses, payments for days not worked (vocation and other days not worked), sums of state mandatory social insurance contributions paid by the employees and personal tax. In line with the regulatory enactment of the European Union (EU), when compiling data on labour costs, wages and salaries include remuneration in kind (goods and services provided by the employer to employees free of charge or at a lower price, living quarters, mobile telephone, transport compensation etc.). Other labour cists include statutory social security contributions payable by employer, employers’ contractual and voluntary social security contributions (additional pension insurance contributions, health and life insurance contributions etc.), support payments from employer, awards, gifts, payments for sick list A, severance pay, entrepreneurship state risk duty.
Hourly labour costs are calculated dividing the sum of labour costs by the number of hours worked.
According to the EU regulatory enactments, hourly labour costs and changes thereof in this publication have been calculated for sectors B-S of the Statistical Classification of the Economic Activities (NACE) Rev. 2.
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