Compared to the fourth quarter of 2024, the hourly labor costs adjusted to the number of working days rose by 4.54%.
Q1/2025 compared to Q4/2024
As against Q4/2024, hourly labor cost (working days adjusted) increased in the majority of economic activities. The most significant increases of the hourly labor cost (working days adjusted) were found in financial and insurance activities (11.05%), administrative and support service activities (8.88%), arts, entertainment and recreation (8.83%), construction (8.82%), respectively in professional, scientific and technical activities (8.17%).
Decreases of the hourly labor cost (working days adjusted) were noticed in electricity, gas, steam and air conditioning supply (-5.65%), real
estate activities (-1.13%), respectively in mining and quarrying (-0.68%).
During the analyzed period, the direct costs component (wages and salaries) increased by 4.53% and the other costs component (non-wage costs) by 4.80%.
Q1/2025 compared to Q1/2024
Compared to the first quarter of 2024, the hourly labor cost (working days adjusted) increased in all economic activities. The most significant increases of the hourly labor cost (working days adjusted) were found in financial and insurance activities (21.95%), construction (20.41%), respectively in other service activities (20.35%).
Compared to Q1/2024, the hourly labor cost (working days adjusted) increased the least in real estate activities (8.91%), education (9.95%), respectively in transportation and storage (11.72%).
As against the first quarter of 2024, the direct costs component (wages and salaries) increased in quarter I 2025 by 16.04% and the other costs component (non-wage costs) by 16.02%.
The quarterly labor cost index is a short-term indicator that reflects the evaluation of the tendencies of the hourly costs incurred by employers with labor force.