The Labour Cost Index (LCI) working days adjusted increased by 3.8% in the 3rd quarter of 2021. In the previous quarter it had decreased by 2.7%.
The wage costs (per hour actually worked) increased by 3.4% and the other labour costs (also per hour actually worked) increased by 5.3%, compared with the same period of the previous year. For the increase of the other costs in the 3rd quarter of 2021 contributed the growth in the employers’ contributions due to the progressive reduction of the enterprises that joined the simplified layoff regime in the private sector of the economy and the decrease of the hours actually worked per employee in the Public Administration.
The development of the LCI was also a result of the combined effect of the increase of 3.0% in the average cost per employee and the reduction of 0.7% in the number of hours actually worked per employee. The increase of the former component took place in all the economic activities and was much smaller than the increases observed in the previous quarter. The lower rate of change was observed in the public sector (1.1%). The reduction of the number of hours actually worked per employee was recorded in the majority of the activities, except for services, with a very accentuated decrease in the Public Administration (4.1%).