Increase of the Labour Cost Index in the first quarter 2021

Economic indicators
Increase of the Labour Cost Index in the first quarter 2021

In the first quarter of 2021, the total hourly labour cost increases by 0.9% on an annual basis.

The labour cost increased the most (1.9%) in the NACE section Q (Human health and social work activities). The smallest increase (0.7%) was registered in the NACE section G (Wholesale and retail trade; repair of motor vehicles and motorcycles).

The Labour Cost Index only measures the hours actually worked and the associated labour costs. Therefore, the various measures due to the coronavirus, such as temporary unemployment, have no impact on the results.