CSO results show average weekly earnings up 4.6% in July – September compared to last year

by HRHQ Editorial Team

The Central Statistics Office (CSO) has issued Earnings and Labour costs results which shows workers average weekly earnings rose 4.6% between July and September compared to the same period last year.

On average, employees received wages of €907.72 during the period, up from €876.63 during the third quarter of 2022.

Average weekly earnings increased across 12 out of 13 sectors in the year to Q3 2023. The largest annual percentage increase in average weekly earnings in Q3 2023 was 10.6% in the Arts, Entertainment, Recreation & Other Service Activities sector

Average hourly earnings also registered a year-on-year increase over the three months, climbing by 6.2% to €27.82, from €26.19 in the same period a year ago..

The sector with the highest average hourly total labour costs in Q3 2023 was the Information & Communication sector at €53.16. The lowest average total labour costs were in the Accommodation & Food Service Activities sector, which recorded a rate of €18.04.

The job vacancy rate in Q3 2023, which measures job vacancies on the last working day of the quarter, was 1.2%, down from 1.3% at the end of Q2 2023 and down from 1.6% at the end of Q3 2022