SANTA CRUZ DE TENERIFE/MADRID, March 16 (EUROPA PRESS) –
The Canary Islands registered the lowest labor and salary cost in Spain in the last four months of last year, the National Statistics Institute (INE) reported this Thursday.
Specifically, the archipelago had a total labor cost of 2,475.33 per month, at a rate of 19.33 euros per hour worked, which is 4.9% more than in the same period of the previous year, while the salary cost reached the 1,833.5 euros.
At the national level, the average labor cost per worker and month (which includes salaries and social contributions) rose 4.2% in the fourth quarter of 2022 compared to the same period in 2021, to stand at 2,996.63 euros.
This increase in labor cost, with which eight consecutive quarters of increases have accumulated, is two tenths higher than that registered in the third quarter of 2022, when it increased by 4%.
Labor cost is made up of wage cost and other costs. Between October and December, wages (all remunerations, both in cash and in kind) rose by 4.7% year-on-year in gross terms, reaching an average of 2,268 euros per worker and month, the highest figure since the beginning of the series, in the year 2000.
The hospitality industry was the activity where wages rose the most in the fourth quarter. His average salary increased by 12.6% year-on-year in the fourth quarter, up to 1,351.64 euros per month.
Other costs (non-salary costs) totaled 728.63 euros per worker and month in the fourth quarter of last year, with a year-on-year increase of 2.8%.
During the fourth quarter of 2022, the agreed average weekly working time, considering full-time and part-time together, was 34.8 hours. Of these, 5.7 hours a week were lost, of which 2.8 hours were not worked due to vacations and holidays; 2.3 hours are due to sick leave due to temporary disability; 0.3 hours for maternity and paternity leave, and another 0.3 hours for other permits, strikes, and technical, economic, organizational, production, and/or force majeure reasons.
According to the INE, the labor cost per effective hour rose by 3.7% in the annual rate in the fourth quarter of 2022 due to the increase in effective working hours.
