In the first quarter of 2023, Spain witnessed a 1.2% increase in the cost per hour worked, taking into account calendar and seasonal adjustments. The adjusted annual rate of change in the cost per hour worked reached 3.3%, while the original series recorded a growth of 3.6%. These figures indicate positive trends in Spain’s labour costs during the period.
Spanish Labor Costs Increase by 3.6% in First Quarter 2023
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