June 10, 2022
Labour costs per hour worked in Germany were up by a seasonally and calendar adjusted 2.4% in the first quarter of 2022 compared with the fourth quarter of 2021. The Federal Statistical Office (Destatis) also reports that labour costs were up 4.5% in calendar adjusted terms on the first quarter of 2021.
Labour costs consist of gross earnings and non-wage costs and are shown in relation to hours worked. In the first quarter of 2022 the costs of gross earnings increased a calendar adjusted 4.3% on the first quarter of 2021, while non-wage costs were up by 5.3%.
Labour costs in the 4th quarter of 2021 up 2.6% on an EU average
European results are currently available for the fourth quarter of 2021. They show that the price of one hour worked was 2.6% higher, on average, in the 27 European Union (EU) Member States compared with the same quarter of the previous year. The 2.5% increase recorded in Germany was just under the average development in the EU. In Greece (-2.1%) and Portugal (-0.9%), the labour cost index decreased in the period studied. In contrast, the highest labour cost growth rates in the EU were recorded in Lithuania (+17.8%), Bulgaria (+11.7%), Slovakia (+11.0%) as well as Poland and Hungary (+10%).
Source: Destatis
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