Europe Labor Market: Difference between revisions

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[[File:Screenshot 2023-07-07 121349.png|center|thumb|709x709px|https://ec.europa.eu/eurostat/documents/2995521/16975487/3-16062023-BP-EN.pdf/3ab53af9-23b2-978d-2a6d-1cf8a8fffbae#:~:text=In%20the%20euro%20area%2C%20wages,the%20first%20quarter%20of%202023.]]
[[File:Screenshot 2023-07-07 121349.png|center|thumb|709x709px|https://ec.europa.eu/eurostat/documents/2995521/16975487/3-16062023-BP-EN.pdf/3ab53af9-23b2-978d-2a6d-1cf8a8fffbae#:~:text=In%20the%20euro%20area%2C%20wages,the%20first%20quarter%20of%202023.]]


=== Q2 2023 ===
{| class="wikitable"
! rowspan="3" |
! colspan="16" |Whole economy
(NACE Rev. 2 sections B to S)
|-
! colspan="3" |Q3 2022
! colspan="3" |Q4 2022
! colspan="3" |Q1 2023
! colspan="4" |Q2 2023
! colspan="3" |Q3 2023
|-
!TOTAL
!WAGES
!OTHER
!TOTAL
!WAGES
!OTHER
!TOTAL
!WAGES
!OTHER
! colspan="2" |TOTAL
!WAGES
!OTHER
!TOTAL
!WAGES
!OTHER
|-
|Euro area 20
|'''3.4'''
|2.7
|5.5
|'''6.0'''
|5.3
|8.0
|'''5.3'''
|5.0
|6.4
| colspan="2" |'''4.5'''
|4.6
|4.2
|'''5.3'''
|5.3
|5.1
|-
|EU
|'''3.9'''
|3.4
|5.5
|'''6.0'''
|5.6
|7.5
|'''5.5'''
|5.3
|6.3
| colspan="2" |'''5.0'''
|5.1
|4.6
|'''5.7'''
|5.8
|5.4
|}
'''In the third quarter of 2023 the hourly labour costs rose by 5.3% in the euro area and by 5.7% in the E'''U, compared with the same quarter of the previous year. T


'''Q1 2023'''
* In the euro area, wages & salaries per hour worked increased by 5.3%, while the non-wage component rose by 5.1% in the third quarter of 2023, compared with the same quarter of the previous year. In the EU, hourly wages & salaries increased by 5.8% and the non-wage component by 5.4% in the third quarter of 2023.


==== '''Q1 2023''' ====
In the first quarter of 2023 the hourly '''labour costs rose by 5.0% in the euro area and by 5.3 % in the EU''', compared with the same quarter of the previous year.<ref>https://ec.europa.eu/eurostat/documents/2995521/16975487/3-16062023-BP-EN.pdf/3ab53af9-23b2-978d-2a6d-1cf8a8fffbae#:~:text=In%20the%20euro%20area%2C%20wages,the%20first%20quarter%20of%202023.</ref>
In the first quarter of 2023 the hourly '''labour costs rose by 5.0% in the euro area and by 5.3 % in the EU''', compared with the same quarter of the previous year.<ref>https://ec.europa.eu/eurostat/documents/2995521/16975487/3-16062023-BP-EN.pdf/3ab53af9-23b2-978d-2a6d-1cf8a8fffbae#:~:text=In%20the%20euro%20area%2C%20wages,the%20first%20quarter%20of%202023.</ref>


* In the euro area, wages & salaries per hour worked increased by 4.6%, while the non-wage component rose by 6.2%.
* In the euro area, wages & salaries per hour worked increased by 4.6%, while the non-wage component rose by 6.2%.
* In the euro area rose by 4.4% in the (mainly) non-business economy and by 5.2% in the business economy: +4.9% in industry, +4.1% in construction and +5.5% in services.
* In the euro area rose by 4.4% in the (mainly) non-business economy and by 5.2% in the business economy: +4.9% in industry, +4.1% in construction and +5.5% in services.
== References ==
== References ==