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23 December 2009
A new survey by the Central Statistics Office (CSO) on Earnings Hours and Employment Costs (EHECS), covering all sectors of the economy other than agriculture, forestry and fishing, shows that average weekly earnings fell overall by 1.1% from 706.03 Euro in Q2 2008 to 698.43 Euro in Q2 2009. This compares with a rise of just 0.3% in the year to Q1 2009.
Overall employment fell by 6.2%, or 109,500, between Q2 2008 and Q2 2009 while average paid hours per week were down by 2.7% from 32.8 to 31.9 over the period. Average hourly earnings increased by 1.8%, from 21.51 Euro to 21.90 Euro, compared with a rise of 3.6% between Q1 2008 andQ1 2009.
Across the economic sectors the annual changes in weekly earnings ranged from a fall of 13.3% in Financial and real estate activities to a rise of 1.0% in education. The fall in the former is due almost entirely to a fall of almost two thirds in irregular earnings payments.
To read the full survey please click here