Hourly labor costs in Romania rose 4.2 percent in the third quarter against the same period in 2012. Romania’s increase in hourly labor costs – which include wages and salaries, social contributions and employment taxes – was among the largest in the EU, behind Estonia (+8.1 percent), Lithuania (+6.2 percent) and Latvia (+5.9 percent).
In terms of wages, Romania’s increase was also 4.2 percent in Q3 this year, compared Q3 in 2012, alongside a 4.2 percent increase in non-wage labor costs, the Eurostat statistics show.
In the business economy, the hourly wages rose 2.9 percent including a 2.9 percent rise in wages, while in the non-business economy they rose 8.5 percent. Breaking the Q3 year-on-year rises down by sector, industry saw a 3.7 percent jump in wages, construction a 3.4 percent increase and services a 2.3 percent.
Hourly labour costs in the euro, EA17 countries, rose by 1.0 percent in the year up to the third quarter of 2013, compared with +1.1 percent for the second quarter of 2013. In the EU28, the annual rise was also 1.0 percent up to the third quarter of 2013, compared with +1.1 percent in the previous quarter. For more information click here
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