Business News

Labour Costs Down by 1.1% in Q3

Ljubljana, 06 December (STA) - Labour costs per hour in Slovenia decreased by 1.1% in the third quarter of 2010 compared to the same period last year, the Statistics Office said on Monday, adding that the biggest reason was more hours worked.

In this period labour costs decreased the most in electricity, gas and steam supply (6.7%) and administrative and support service activities (6.2%), and increased the most in other service activities (10%) and in information and communication (8.1%).

According to data from Eurostat as of 3 December, the seasonally-adjusted labour costs in industry and services in the second quarter of 2010 were higher compared to the same period last year in 13 EU countries.

They increased the most in Bulgaria (8.6%) and decreased the most in Lithuania (-7.3%). The average increase in the EU was 1.5%, while in Slovenia it rose by 0.3%.

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