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Earnings and Labour Costs Q2 2024 (Final) Q3 2024 (Preliminary Estimates)

Average weekly earnings up 5.3% to €955.49 in the 12 months to Q3 2024

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

Key Findings

  • Average weekly earnings were €955.49 in Quarter 3 (Q3) 2024, up 5.3% from €907.10 in Q3 2023.

  • Average hourly earnings rose by 4.7% to €29.14 in Q3 2024, from €27.84 in Q3 2023.

  • Average weekly paid hours were 32.8 in Q3 2024, up by 0.6% from Q3 2023 hours of 32.6.

  • The job vacancy rate at the end of Q3 2024 was 1.2%, remaining unchanged from the end of Q3 2023, but lower than the 1.3% recorded at the end of Q2 2024.

  • Average hourly other labour costs grew by 6.9% to €4.98 in Q3 2024, from €4.66 in Q3 2023.

  • The highest averages for hourly total labour costs in Q3 2024 were €58.64 in Information & Communication, and €49.69 in Education.

  • The Public Administration & Defence sector had the highest job vacancy rate at 3.3% in Q3 2024, followed by 2.5% in the Professional, Scientific & Technical Activities sector.

Statistician's Comment

The Central Statistics Office (CSO) has today (02 December 2024) published Earnings and Labour costs results with Preliminary estimates for Quarter 3 (Q3) 2024 and Final estimates for Q2 2024.

Commenting on the release, Louise Egan, Statistician in the Earnings Analysis Division, said: “Average earnings in the economy continue to increase year on year, driven by a number of factors, including a stable job vacancy rate for the past 18 months as well as annual employment growth of 3.7% according to the latest CSO Labour Force SurveyPreliminary estimates for July, August, and September (Q3) 2024 show average weekly earnings were €955.49, up 5.3% compared with €907.10 in Q3 2023.

Earnings and Hours

Average weekly earnings rose across all 13 sectors in the year to Q3 2024. The largest annual percentage increase in average weekly earnings in Q3 2024 was 8.7% in the Information & Communication sector, with the second largest increase of 7.7% seen in the Transportation & Storage sector.

Average hourly earnings grew on an annual basis by 4.7% to €29.14, while average weekly paid hours increased by 0.6% to 32.8 in Q3 2024 from 32.6 in Q3 2023. Over the five years from Q3 2019 to Q3 2024, average hourly earnings went up by 23.8% from €23.54 to €29.14.

Labour Costs

Average hourly other labour costs rose by 6.9% across all economic sectors to €4.98 in Q3 2024 from €4.66 in Q3 2023, while average hourly total labour costs grew by 5.0% in the same period.

The sector with the highest average hourly total labour costs in Q3 2024 was the Information & Communication sector at €58.64. The lowest average total labour costs were in the Accommodation & Food Service Activities sector, which recorded a rate of €18.69.

Job Vacancy Rate

The job vacancy rate in Q3 2024, which measures job vacancies on the last working day of the quarter, was 1.2%, which was down from 1.3% the end of Q2 2024 and unchanged from the end of Q3 2023."

Earnings and Labour Costs Survey (EHECS) series updates 

Estimates in relation to Defence and public sector have been updated from Q2 2021 due to a revision in our input data processes. This update primarily impacts employment and job vacancy estimates and does not have a significant impact on previously published sectoral trends in relation to earnings. 

Preliminary Estimates Q3 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
Q3 2023907.10 27.84 32.50 32.6
Q3 2024955.49 29.14 34.12 32.8
Annual % change 5.3 4.7 5.0 0.6
 Seasonally Adjusted
Q2 2024965.05 29.71 34.94 32.5
Q3 2024973.99 29.99 35.16 32.6
Quarterly % change 0.9 0.9 0.6 0.3
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 €955.49 in Q3 2024, an increase of 5.3% when compared with €907.10 from one year earlier, according to preliminary estimates of the Earnings and Labour Costs quarterly release.

The largest annual percentage increase in Q3 2024 in average weekly earnings was 8.7% in the Information & Communication sector, rising from €1,524.47 to €1,656.40. The second largest increase was 7.7% in the Transportation & Storage sector which rose from €846.01 to €911.06 over the year.

In the five years to Q3 2024, average weekly earnings rose by 24.2%. All sectors saw increases in average weekly earnings over this period.

Average hourly earnings grew on an annual basis by 4.7% to €29.14 in Q3 2024, while average weekly paid hours rose from 32.6 in Q3 2023 to 32.8 in Q3 2024. Over the five years from Q3 2019 to Q3 2024, average hourly earnings rose by 23.8% from €23.54 to €29.14, while average paid hours increased 0.3% from 32.7 to 32.8 hours.

5 Year % Change
Arts & entertainment34.0591735135792
Information & communication33.4246244311088
Health & social27.7004538577912
All sectors24.236435267654
Admin & support service24.1261848341232
Construction22.6349671902963
Education22.0113216266174
Industry21.5985778341411
Professional & technical18.8333333333333
Public admin & defence18.1632927497853
Financial & real estate18.1122074682708
Accommodation & food17.7617960830105
Wholesale & retail17.4831731574189
Transportation9.34207052159093
 
#REF!
X-axis labelUnadjustedSeasonally Adjusted
Q31722.1622.66
Q41722.622.6
Q11823.422.84
Q21822.9422.97
Q31822.6223.17
Q41823.3123.31
Q11924.0523.44
Q21923.6923.71
Q31923.5424.16
Q41924.2324.23
Q12024.7624.11
Q22025.3825.39
Q32024.3825.06
Q42025.5725.57
Q12126.8426.11
Q22126.0826.07
Q32125.3126.05
Q42126.2926.3
Q12227.4626.7
Q22226.7626.74
Q32226.2326.99
Q42227.927.93
Q12328.5527.74
Q22328.1928.15
Q32327.8428.65
Q42328.4428.48
Q12429.9629.11
Q22429.7529.71
Q32429.1429.99
Q3 2023Q3 2024
Industry26.8228.32
Construction25.4426.6
Wholesale & retail21.8122.47
Transportation23.2124.77
Accommodation & food15.8816.84
Information & communication40.7944.86
Financial & real estate36.137.37
Professional & technical32.4932.79
Admin & support service22.5123.82
Public admin & defence30.3431.84
Education42.4344.54
Health & social27.4728.16
Arts & entertainment21.5522.9
All sectors27.8429.14
X-axis labelUnadjustedSeasonally Adjusted
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
Q22132.632.7
Q32133.132.5
Q42132.932.7
Q12232.332.8
Q22232.632.7
Q32233.132.7
Q42232.432.5
Q12332.432.6
Q22332.432.4
Q32332.632.5
Q42332.632.5
Q12432.532.5
Q22432.432.5
Q32432.832.6

Total Labour Costs

Average hourly total labour costs were €34.12 across all economic sectors in Q3 2024. Information & Communication had the highest average hourly total labour costs at €58.64, followed by € 49.69 in the Education sector.

The sectors with the lowest cost of employing labour were Accommodation & Food Services Activities at €18.69 and Wholesale and Retail trade; repair of motor vehicles and motorcycles at €26.28.

Average hourly total labour costs increased by 24.9% over the five years to Q3 2024, from €27.31 per hour to €34.12.

5 Year % Change
Information & communication42.2610383309073
Arts & entertainment29.7882816346627
Admin & support services 26.8192219679634
Accommodation & food26.2837837837838
Construction26.1736601578729
All sectors24.9359209080923
Public admin & defence23.6638537271449
Professional & technical21.4863184079602
Health & social 21.0586881472957
Industry20.8008504606662
Education20.6653715395823
Financial & real estate19.9280945043657
Wholesale & retail18.4317260027039
Transportation7.01038575667656

Public Sector

Average weekly earnings increased by 4.4% across the public sector in the year to Q3 2024, rising from €1,123.81 to €1,173.07.

An Garda Síochána had the highest average weekly earnings and average weekly paid hours in Q3 2024 in the public sector at €1,587.54 and 43.1 hours respectively. The highest average hourly earnings in this period were €49.35 in the Education sector.

FALSE
Q3 2023Q3 2024
Civil service1058.371106.24
Defence1038.181032.37
Garda Siochana1579.281587.54
Education1137.731196.58
Regional bodies944.47986.93
Health1129.061179.87
Semi-state1157.081220.69
All public sector1123.811173.07
Q3 2023Q3 2024
Civil service4580052100
Defence80007800
Garda Siochana1430014400
Education110000108600
Regional bodies3770037100
Health163200167000
Semi-state6180064900

Job Vacancies

The job vacancy rate in Q3 2024, which measures job vacancies on the last working day of the quarter, was unchanged at 1.2% from Q3 2023. It was down from the 1.3% recorded at the end of Q2 2024.

The highest job vacancy rates in Q3 2024 were 3.3% in the Public Administration & Defence sector, followed by 2.5% in the Professional, Scientific & Technical Activities sector.

There were 28,900 job vacancies, (rounded to the nearest 100), at the end of Q3 2024, up by 1,600 from the end of Q3 2023.

X-axis labelJob Vacancy Rate
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
Q1231.5
Q2231.3
Q3231.2
Q4231.2
Q1241.2
Q2241.3
Q3241.2

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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