Wage Increases Slow Down: Wages Grew by 3.8 per Cent in 2024, but Again Fell to Inflation

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Annual gross salary marks a new historical record in Spain as 3.8% increased in 2024

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Wage increases slowed down in 2024 following the path that prices marked, which recorded milder increases last year. According to the annual labor cost statistics released by the INE on Tuesday, the average salary paid by Spanish companies stood at 27,559 euros gross, 3.8% above the figure recorded in 2023. The 3.8% increase in payrolls was below the 4.7% recorded in 2023 or 4.6% seen in 2022, but it has been enough for wages to beat inflation a…

juventudrebelde.cu

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The results of 2024 reflected a low unemployment rate of 1.7 per cent, with a slight preponderance of the female population (2.0 per cent in women and 1.5 per cent in men) and higher unemployment rates among young people, reported Juan Carlos Alfonso Fraga, vice-chief of the National Bureau of Statistics and Information (ONEI), sharing the results of the National Occupation Survey (ENO) on Tuesday. Faced with this, he stressed that about half of…

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The gross annual salary per worker reached 27,558.68 euros in 2024, which represents an increase of 3.8% compared to the previous year, and was at its highest level since the beginning of the series, in 2008, according to the results of the Annual Labor Cost Survey (EACL), published this Tuesday by the National Institute of Statistics (INE). Read more]]>

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The annual gross wage per worker in Spain reached 27,558.68 euros in 2024, which represents an increase of 3.8% over the previous year and marks the highest value since the beginning of the statistical series in 2008. This is revealed by the Annual Labour Cost Survey (EACL) published on Tuesday by the National Institute of Statistics (INE), which shows a consolidation of the wage increase in recent years.

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The annual gross wage per worker reached 27,046,36 euros in 2024 in the Balearic Islands, according to the Annual Labour Cost Survey (EACL), published on Tuesday by the National Institute of Statistics (INE).The salary of the Islands is lower than the average recorded in the country (27,558.68 euros) and the labour cost in the Islands is 36,660.37 euros in 2024, 4.1% more than in 2023.The gross salary in the archipelago represented 73.18% of the…