Quarterly Labour Cost Index, Third Quarter of 2023

Quarterly Labour Cost Index, Third Quarter of 2023

In the third quarter of 2023, compared to the third quarter of 2022, the total hourly labour cost rose by 15.1% (preliminary data). The total hourly labour cost increased by 16.6% in industry, 13.9% in services and 17.0% in construction.

The highest annual growth in total labour costs was recorded in ‘Education’ - by 21.9%, ‘Accommodation and food service activities’ - by 18.8%, and ‘Transportation and storage’ - by 17.4%.

Detailed data can be found on the website of NSI at
Short-term statistics on employment and labour cost