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Earnings and Labour Costs Quarterly

Q4 2017 (Final) Q1 2018 (Preliminary Estimates)

UnadjustedSeasonally Adjusted
Q11122.1821.91
Q21121.921.96
Q31121.5821.9
Q41122.0621.8
Q11222.2521.96
Q21221.9621.99
Q31221.8222.06
Q41221.921.94
Q11322.2421.92
Q21322.0221.97
Q31321.5422
Q41321.8922.07
Q11422.3721.78
Q21421.8121.84
Q31421.221.82
Q41422.0522
Q11522.321.94
Q21521.8621.87
Q31521.4921.87
Q41521.921.87
Q11622.5322.05
Q21621.9621.94
Q31621.5622.02
Q41622.1822.09
Q11722.6922.27
Q21722.2722.34
Q31722.1722.45
Q41722.6122.65
Q11823.3122.83
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CSO statistical release, , 11am

Earnings and Labour Costs Annual

2017

 20162017Annual Change
 € million€ million%
Total Earnings62,86166,5615.9
Total Other Labour Costs10,00010,6176.2
Total Labour Costs72,86177,1785.9
 %
Average Earnings36,92037,6462.0
Average Other Labour Costs5,8736,0052.2
Average Total Labour Costs42,79343,6512.0

Average annual earnings €37,646 in 2017, up by 2.0%

Figure 1 Average annual earnings by economic sector
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Average annual earnings €37,646 in 2017, up by 2.0%

Average annual earnings increased by 2.0% to €37,646 in 2017, from €36,920 in 2016. This compares to an annual increase of 1.3% in 2016 from €36,458 in 2015. See figure 1 and table 5.

Key features of the annual results for 2017 include:

  • Average annual earnings for full-time employees in 2017 were €46,402 (up 1.7% on 2016) while the average for part-time employees were €17,059 (an increase of 3.2%). See figure 5 and table 5.
  • Total earnings rose to €66.6 billion in 2017, an increase of 5.9% on 2016. This increase was driven by a rise in the average numbers employed of 3.8%, a 0.2% increase in average weekly hours worked and a 1.7% increase in average hourly earnings. See figure 9, table 2 and table 11.
  • Total cost of employing labour increased by 5.9% in 2017 with total annual labour costs reaching €77.2 billion. See figure 2 and table 1.

Revisions: Earnings and Labour Costs data have been revised from 2008 to 2017. These revisions are reflected in both the Earnings and Labour Costs Annual 2017 release and related StatBank tables. These revisions arise as a result of the introduction of the new Labour Force Survey, new population estimates as a result of the 2016 Census of Population and other minor updates to EHECS aggregation processes. The revisions primarily change the number of employees in NACE sectors over the period and thus mainly affect the total earnings and labour costs statistics. The revisions have minor impact on average earnings and labour costs statistics and do not change previously published trends.

 

Total annual labour costs increase 5.9% to €77.2 billion in 2017

The total cost of employing labour in 2017 was €77.2 billion, an increase of 5.9% from 2016. Total annual labour costs were €62.3 billion in 2012 and have increased each year to 2017, up 23.9% to €77.2 billion in the five years. See figure 2, table 1 and table 4.