In the second quarter of 2024 compared to the same quarter of 2023, the hourly labor costs adjusted to the number of working days grew by 15%.
Quarter II 2024 compared to Quarter I 2024
In the second quarter of 2024 compared to the first quarter of 2024, the hourly labor costs adjusted to the number of working days increased across all economic activities.
The most significant increases in the hourly labour cost adjusted to the number of working days were recorded in electricity, gas, steam and air conditioning supply (19.72%), mining and quarrying (17.62%), respectively in financial and insurance activities (14.08%).
Compared to the analyzed period, the lowest increases in the hourly labor cost adjusted to the number of working days were noticed in accommodation and food service activities (1.54%), respectively in real estate activities (3.82%).
As against the previous quarter, the direct costs component (wages and salaries) advanced 6.80% and the other costs component (nonwages costs) by 6.51%.
Quarter II 2024 compared to Quarter II 2023
In the second quarter of 2024 compared to the same quarter of 2023, the hourly labour cost adjusted to the number of working days grew across all economic activities.
The most significant increases in the hourly labour cost adjusted to the number of working days were found in education (22.42%), accommodation and food service activities (21.67%), respectively in other service activities (20.41%).
As compared to the second quarter of 2023, the hourly labour cost adjusted to the number of working days saw the lowest increase in administrative and support service activities (8.98%), electricity, gas, steam and air conditioning supply (9.44%), respectively in arts, entertainment and recreation (9.96%).
As against the same quarter of 2023, the direct costs component (wages and salaries) increased in the second quarter of 2024 by 15.03% and the other costs component (non-wages costs) by 14.51%.