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Earnings and Labour Costs Q1 2024 (Final) Q2 2024 (Preliminary Estimates)

Average weekly earnings up 5.6% in the 12 months to Q2 2024

Online ISSN: 2009-5023
CSO statistical publication, , 11am

Key Findings

  • Average weekly earnings were €963.17 in Quarter 2 (Q2) 2024, up 5.6% from €911.74 in Q2 2023.

  • Average hourly earnings rose by 5.4% to €29.71 in Q2 2024, from €28.19 in Q2 2023.

  • Average weekly paid hours were 32.4 in Q2 2024, up by 0.3% from the Q2 2023 hours of 32.3.

  • The job vacancy rate at the end of Q2 2024 was 1.1%, lower than the 1.3% recorded at the end of Q2 2023 and remained unchanged from the end of Q1 2024.

  • Average hourly other labour costs grew by 10.1% to €5.22 in Q2 2024, from €4.74 in Q2 2023.

  • The highest averages for hourly total labour costs in Q2 2024 were €59.64 in Information & Communication, and €50.10 in Financial & Real Estate.

  • The Professional, Scientific & Technical Activities sector had the highest job vacancy rate at 2.2% in Q2 2024, followed by 1.8% in the Transportation & Storage sector.

Statistician's Comment

The Central Statistics Office (CSO) has today (27 August 2024) issued Earnings and Labour costs results with Preliminary estimates for Quarter 2 (Q2) 2024 and Final estimates for Q1 2024.

Commenting on the data, Louise Egan, Statistician in the Earnings Analysis Division, said: “Preliminary estimates for April, May, and June (Q2) 2024 show average weekly earnings were €963.17, up 5.6% or by €51.43 compared with Q2 2023.

Earnings and Hours

Average weekly earnings rose across all 13 sectors in the year to Q2 2024. The largest annual percentage increase in average weekly earnings in Q2 2024 was 11.8% in the Construction sector.

Average hourly earnings grew on an annual basis by 5.4% to €29.71, while average weekly paid hours increased by 0.3% to 32.4 in Q2 2024 from 32.3 in Q2 2023. Over the five years from Q2 2019 to Q2 2024, average hourly earnings went up by 25.4% from €23.69 to €29.71.

Labour Costs

Average hourly other labour costs rose by 10.1% across all economic sectors to €5.22 in Q2 2024 from €4.74 in Q2 2023, while average hourly total labour costs grew by 6.1% in the same period.

The sector with the highest average hourly total labour costs in Q2 2024 was the Information & Communication sector at €59.64. The lowest average total labour costs were in the Accommodation & Food Service Activities sector, which recorded a rate of €18.76.

Job Vacancy Rate

The job vacancy rate in Q2 2024, which measures job vacancies on the last working day of the quarter, was 1.1%, which was unchanged from the end of Q1 2024 and down from 1.3% at the end of Q2 2023."

Preliminary Estimates Q2 2024

Headline Table: Earnings, Hours and Labour Costs, unadjusted and seasonally adjusted
 Average Weekly Earnings Average Hourly Earnings  Average Hourly Total Labour Costs Average Weekly Paid Hours
    Hours
Unadjusted
Q2 2023911.74 28.19 32.93 32.3
Q2 2024963.17 29.71 34.93 32.4
Annual % change 5.6 5.4 6.1 0.3
 Seasonally Adjusted
Q1 2024949.63 29.07 34.19 32.5
Q2 2024963.13 29.64 34.80 32.5
Quarterly % change 1.4 2.0 1.8 0.0
Figure 1: Average Weekly Earnings

Editor's Note

While there is no internationally agreed methodology for assessing the public/private sector wage gap, the CSO has published analysis of the differential using a matched Labour Force Survey and PAYE Modernisation (PMOD) dataset for 2019-2022. This analysis took account of compositional differences between the public and private sector, such as occupational mix, sectors of activity, gender balance, union membership, etc. The public sector pay gap in 2022 was estimated to range from -6.6% to +0.9% depending on the specification applied and the treatment of the additional superannuation contribution.

For the most recent analysis, see Econometric Analysis of the Public-Private Sector Pay Differential 2022. Previous analysis of the Public-Private Sector Pay Differential is available here.

Earnings and Hours

Average weekly earnings were €963.17 in Q2 2024, an increase of 5.6% when compared with €911.74 from one year earlier, according to preliminary estimates of the Earnings and Labour Costs quarterly release.

The largest annual percentage increase in Q2 2024 in average weekly earnings was 11.8% in the Construction sector, rising from €900.39 to €1,006.22. The second largest increase was 7.0% in the Administrative & Support Services sector which rose from €714.50 to €764.39 over the year.

In the five years to Q2 2024, average weekly earnings rose by 24.9%. All sectors saw increases in average weekly earnings over this period.

Average hourly earnings grew on an annual basis by 5.4% to €29.71 in Q2 2024, while average weekly paid hours rose from 32.3 in Q2 2023 to 32.4 in Q2 2024. Over the five years from Q2 2019 to Q2 2024, average hourly earnings rose by 25.4% from €23.69 to €29.71, while average paid hours decreased 0.6% from 32.6 to 32.4 hours.

5 Year % Change
Information & communication38.5867570003004
Construction27.466430200152
All sectors24.8616134510429
Admin & support service24.2870150564209
Arts & entertainment23.8784109149278
Accommodation & food23.4882640653605
Industry21.4086983618234
Wholesale & retail20.7084239084644
Professional & technical20.6581736520662
Health & social20.2009017902404
Financial & real estate19.995311970969
Public admin & defence19.7912811022003
Education15.928093155247
Transportation8.41888874449159
 
#REF!
X-axis labelUnadjustedSeasonally Adjusted
Q21722.2722.31
Q31722.1622.67
Q41722.622.61
Q11823.422.82
Q21822.9422.97
Q31822.6223.18
Q41823.3123.33
Q11924.0523.42
Q21923.6923.72
Q31923.5424.18
Q41924.2324.24
Q12024.7624.08
Q22025.3825.4
Q32024.3825.08
Q42025.5725.58
Q12126.8426.08
Q22126.0826.07
Q32125.3126.09
Q42126.2926.29
Q12227.4626.66
Q22226.7626.73
Q32226.2227.06
Q42227.8927.9
Q12328.5427.7
Q22328.1928.14
Q32327.8328.76
Q42328.4328.43
Q12429.9529.07
Q22429.7129.64
Q2 2023Q2 2024
Industry27.4929.21
Construction24.6227.43
Wholesale & retail22.2323.14
Transportation24.3624.22
Accommodation & food15.9316.88
Information & communication41.6144.38
Financial & real estate38.2839.76
Professional & technical32.4333.87
Admin & support service22.6424.32
Public admin & defence31.1332.88
Education40.842.54
Health & social27.4128.49
Arts & entertainment21.5321.94
All sectors28.1929.71
X-axis labelUnadjustedSeasonally Adjusted
Q21732.432.4
Q31732.432.3
Q41732.432.2
Q11831.832.3
Q21832.532.5
Q31832.832.5
Q41832.432.4
Q11932.132.4
Q21932.632.6
Q31932.732.5
Q41932.432.4
Q12032.332.3
Q22032.232.2
Q32032.632.4
Q42033.132.7
Q12132.132.8
Q22132.632.6
Q32133.132.5
Q42132.932.7
Q12232.332.8
Q22232.632.7
Q32233.132.7
Q42232.432.5
Q12332.432.6
Q22332.332.4
Q32332.632.5
Q42332.632.5
Q12432.532.5
Q22432.432.5

Total Labour Costs

Average hourly total labour costs were €34.93 across all economic sectors in Q2 2024. Information & Communication had the highest average hourly total labour costs at €59.64, followed by € 50.10 in the Financial & Real Estate Activities sector.

The sectors with the lowest cost of employing labour were Accommodation & Food Services Activities at €18.76 and Arts, Entertainment, Recreation & Other Service Activities at €25.24.

Average hourly total labour costs increased by 27.0% over the five years to Q2 2024, from €27.50 per hour to €34.93.

5 Year % Change
Information & communication51.025576095214
Admin & support services 33.0352941176471
Construction29.3211162015827
Accommodation & food27.2727272727273
All sectors27.0181818181818
Public admin & defence25.9401114206128
Arts & entertainment24.8269040553907
Professional & technical24.4218316373728
Industry23.9902506963788
Wholesale & retail20.2301903497123
Health & social 20.166163141994
Financial & real estate19.7991391678623
Education18.6516853932584
Transportation0.896057347670243

Public Sector

Average weekly earnings increased by 4.9% across the public sector in the year to Q2 2024, rising from €1,105.67 to €1,159.97.

The Public Sector Pay Agreement 2024-2026 introduced an increase in the annualised basic salaries for public servants of 2.25%, which was backdated to 1 January 2024. Payments to public servants in Q2 2024 included some or all backdated pay, which impacts the annual percentage change of average weekly and hourly earnings.

An Garda Síochána had the highest average weekly earnings and average weekly paid hours in Q2 2024 in the public sector at €1,782.49 and 43.2 hours respectively. The highest average hourly earnings in this period were €48.59 in the Education sector.

FALSE
Q2 2023Q2 2024
Civil service1067.751120.69
Defence928.41977.52
Garda Siochana1732.431782.49
Education1088.431124.35
Regional bodies965.31025.27
Health1091.511160.25
Semi-state1169.671231.73
All public sector1105.671159.97
Q2 2023Q2 2024
Civil service4530050800
Defence95009900
Garda Siochana1430014400
Education113400112500
Regional bodies3720038000
Health163800168700
Semi-state6050064600

Job Vacancies

The job vacancy rate in Q2 2024, which measures job vacancies on the last working day of the quarter, was down at 1.1% from 1.3% in Q2 2023. It remained unchanged at 1.1% recorded at the end of Q1 2024.

The highest job vacancy rates in Q1 2024 were 2.2% in the Professional, Scientific and Technical Activities sector, followed by 1.8% in the Transportation & Storage sector.

There were 26,400 job vacancies, (rounded to the nearest 100), at the end of Q2 2024, down by 2,000 from the end of Q2 2023.

X-axis labelJob Vacancy Rate
Q2171.1
Q3171.1
Q4171
Q1181
Q2181.2
Q3181
Q4180.9
Q1191.2
Q2191.1
Q3190.9
Q4190.9
Q1200.8
Q2200.7
Q3200.8
Q4200.9
Q1211
Q2211.2
Q3211.5
Q4211.4
Q1221.6
Q2221.6
Q3221.6
Q4221.3
Q1231.4
Q2231.3
Q3231.2
Q4231.1
Q1241.1
Q2241.1

Tables

Table 1 Average weekly earnings by economic sector and other characteristics and quarter

Table 2 Average hourly earnings by economic sector and other characteristics and quarter

Table 3 Average weekly paid hours by economic sector and other characteristics and quarter

Table 4 Earnings, hours and labour costs, unadjusted and seasonally adjusted by quarter

Table 5a Average hourly earnings excluding irregular earnings by economic sector and other characteristics and quarter

Table 5b Average hourly irregular earnings by economic sector and other characteristics and quarter

Table 6a Average hourly other labour costs by economic sector and other characteristics and quarter

Table 6b Average hourly benefits in kind (BIK) by economic sector and other characteristics and quarter

Table 6c Average hourly total labour costs by economic sector and other characteristics and quarter

Table 7a Employment by economic sector and other characteristics and quarter

Table 7b Job vacancies by economic sector and other characteristics and quarter

Table 7c Job vacancy rate by economic sector and other characteristics and quarter

Table 8a Average weekly earnings by public sector sub-sector and quarter

Table 8b Average hourly earnings by public sector sub-sector and quarter

Table 8c Average weekly paid hours by public sector sub-sector and quarter

Table 8d Average hourly earnings excluding irregular earnings by public sector sub-sector and quarter

Table 8e Public sector employment by sub-sector and quarter

Table A1 Estimates of average weekly earnings by broad occupational categories

Table A2 Response rates in selected sectors by quarter

Table A3 Preliminary data versus final data

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