Wages rise 4.7%, hitting highest in history

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HE average labor cost According to the National Institute of Statistics (INE), per worker per month (including wages and social security contributions) in the fourth quarter of 2022 increased by 4.2% compared to the same period in 2021 to 2,996.63 euros.

This increase in labor cost, eight consecutive quarters increaseTwo-tenths higher than recorded in the third quarter of 2022, where it rose 4%.

It consists of labor cost, wage cost and other costs. Fees between October and December (all fees both in cash and in kind) Gross increased by 4.7% year over year to an average of 2,268 euros per worker per month, the highest figure since the start of the series in 2000.

This hostel It was the activity that increased wages the most in the fourth quarter. In the fourth quarter, his average salary increased by 12.6% year-on-year to 1,351.64 euros per month.

This other expenses (non-salary expenses) In the fourth quarter of last year, the total amounted to 728.63 euros per worker and month, with an inter-annual increase of 2.8%.

Average weekly working hours in the fourth quarter of 2022, taking into account full-time and part-time work together, 34.8 hours. Of these, 5.7 hours were lost per week, of which 2.8 hours were not worked due to holidays and vacations; 2.3 hours due to temporary disability due to sick leave; 0.3 hours for maternity and paternity leave and 0.3 hours for other leave, strikes and technical, economic, organizational, production and/or force majeure.

Effective labor cost per hour increased by 3.7% year-on-year in the fourth quarter of 2022, according to INE. increase in productive working hours.

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