While the cost of living continues to rise, Irish workers have seen their weekly earnings rise to record levels in 2022.The data was revealed following a survey from the Central Statistics Office that was published on Tuesday .On average, Irish people earned €880.37 weekly in the first quarter of the year, an increase of 2.3% from the same period in 2021.
Hourly earnings increased by 1.9%, while the Employment Wage Subsidy Scheme accounted for 35.9% of all earnings.“When considering the change in earnings, it should be noted that there may be a compositional effect due to the significant changes in employment in certain sectors," said Louise Egan, statistician with the CSO."The composition of the labour market in Q1 2022 may be very different to previous quarters.
The sectors that saw the largest percentage decrease in employments from this period were the Accommodation & Food Services sector and the Transportation & Storage sector .“The Earnings and Labour Costs quarterly release publishes statistics on average weekly and hourly earnings, hours and labour costs," Egan said."Across and within economic sectors, the impact of the COVID-19 crisis continues to be experienced very differently.
And yet places are screaming out for employees ? Is Social Welfare too generous ?
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