New figures from the Central Statistics Office show that average weekly earnings were €864.32 in third quarter of this year, up 3.2% on the same period last year.
Over the past three years, weekly earnings rose by 12.4%, from €769.14 in the third quarter of 2019.
Today’s data shows that average hourly earnings increased by 3.5% to €26.17 between July and September, from €25.29 during the same three month period in 2021.
When compared to 2019, hourly earnings rose by 11.2%.
According to the CSO, there was no change in the job vacancy rate of 1.5% at the end of the third quarter this year, but it was down from the 1.6% recorded at the end of the second quarter,
Average hourly other labour costs increased by 60.7% to €4.13 from €2.57 in Q3 2021.
Louise Egan, Statistician in the Earnings Analysis Division said a significant factor in this increase was the ending of the Employment Wage Subsidy Scheme (EWSS) on 31 May 2022.
“Refunded payments to enterprises, including EWSS, were recorded as subsidies and refunds received, being amounts received by enterprises intended to refund part or all of the cost of wages and salaries and were deducted from other labour costs,” she explained.
Today’s data shows that the sector with the highest average hourly total labour costs was the information and communication sector with a rate of €49.51, followed by the education sector at €43.24.
The sectors with the lowest cost of employing labour were the accommodation and food services activities with average hourly total labour costs of €16.90 and arts, entertainment, recreation and other service activities with €22.58.