Increase in employers’ labour cost

In Malta, labour costs per hour increased by 3.8% in the first quarter of 2018 compared to the same period last year.

This was confirmed by a Eurostat survey.

The labour cost per hour refers to the amount any employer must pay for each hour worked. The two main components of labour costs are wages and salaries and non-wage costs.

In the European Union, labour costs per hour increased by 2.7%.

In the first quarter of 2018, the Maltese industry experienced a 1.2% increase in costs, 0.7% increase in construction and 2.8% increase in services when compared to the same period last year.