Daily News

View All News

Germany - Labour costs rise +4.4% y-o-y in Q2 2011

08 September 2011

Compared with the first quarter of 2011, a seasonally and calendar adjusted increase of +1.4 % was recorded for labour costs per hour worked in Germany in the second quarter of 2011. This is the third-highest rise in the labour cost index time series, which goes back to 1997, according to the Federal Statistical Office (Destatis).

The costs of gross wages and salaries rose by +1.7 %, while non-wage costs were up +0.5 %. Compared with the second quarter of 2010, labour costs increased a calendar-adjusted +4.4 % in the second quarter of 2011.
 
The marked increase in labour costs is due to high pay settlements, an increase number of extra payments and a further reduction of short-time work. The increase of non-wage costs in the second quarter of 2011 on the previous quarter was smaller than that of gross wages and salaries. This is due to a smaller number of days of sick leave, which led to lower costs of continued pay in case of sickness.

To read the full statistics, in German language, please click here
 

Comments

Add New Comment

Post comment

NOTE: Links will not be clickable.
Security text:*