Romanian labor costs up by 14.7 pct in Q3 compared with 2015

Newsroom 05/12/2016 | 14:10

Labor costs went up by 14.7 pct in the third quarter of the year, in Romania, compared with the same period of 2015, with the biggest increases being registered in the education system, real estate and healthcare, according to the data published by the National Institute of Statistics (INS).

In the second quarter of this year, the labor costs growth trend was 12 percent compared with the same period of 2015, an increasing trend compared with the one from the first quarter, says News.ro.

„Compared with the same quarter of 2015, based on the main economic activities, the highest increases of the labor costs per hour were registered in the education system (34.41 percent), real estate transactions (30 percent) and healthcare and social assistance (28.24 percent). The decreases were registered only in extractive industry (-2.48 percent),” says an INS release.

In the last months of the year there significant increases were registered for certain public sector workers. Since October 1 2015, the salaries from healthcare and social assistance system have grown by 25 percent and from December 1 the education system salaries increased by 15 percent and the salaries for the other public system rose by 10 percent.

Compared with the previous quarter, the labor cost per hour grew by 4.7 percent in the third quarter of the year after an increase of 5.9 percent in the second quarter of the year compared with the first quarter.

The highest salaries increases were in the third quarter of the year compared with the second quarter in education system (32.2 percent) and public administration (7.1 percent).

Georgiana Bendre