19 March 2015
2015- n° 64In 2014Q4 the labour cost index - wages and salaries increased by 0.2% and the labour
cost index - total labour cost increased by 0.3% Labor cost index in industry, construction and services - 4th Quarter 2014
In the fourth quarter of 2014, the labour cost index (LCI) - wages & salaries slighly increased in the non-agricultural market sector excluding household services (+0.2% after +0.1%) in seasonally adjusted data. In year-on-year changes, the LCI - wages & salaries decelerated by +1.2% after +1.4%. Work hours increased slightly (+0.2% in year-on-year changes).
Warning: The tax credit for encouraging competitiveness and jobs (CICE) has been included since 2013Q1 in the computation of the labour cost index as a subsidy received by the employer. The rate of the CICE increased from 4% to 6% on January 1st, 2014. In 2014Q4, the year-on-year changes of the labour cost index (LCI) – total labour cost in the non-agricultural market sector excluding household services is 0.9 point lower (+0.4%) than what it would have been without CICE (+1.3%). The CICE has no impact on 2014Q4 quarterly variation nor on LCI – wages & salaries.
The labour cost index - wages & salaries increased by 0.2%
In the fourth quarter of 2014, the labour cost index (LCI) - wages & salaries slighly increased in the non-agricultural market sector excluding household services (+0.2% after +0.1%) in seasonally adjusted data. In year-on-year changes, the LCI - wages & salaries decelerated by +1.2% after +1.4%. Work hours increased slightly (+0.2% in year-on-year changes).
graphiqueGraphSSangl – LCI - wages and salaries: year-on-year changes
- Sources: ACOSS, DARES, INSEE
Wages increased by 0.6% in industrial activities
Wages increased by 0.6% in industrial activities in 2014Q4 (after –0.1% in 2014Q3). Wages rose in electricity and gas (+0.2% after –2.6%). Wages accelerated in manufacturing (+0.7% after +0.1%) as well as in mining and quarrying industry (+1.5% after +0.6%). In year-on-year changes, wages in industrial activities accelerated slightly (+1.8% after +1.5%).
Wages continued to increase moderately in services and accelerated in construction
Wages increased in services (+0.1%) as in the previous quarter but diminished in financial and insurance activities and in professional, scientific and technical activities. In year-on-year changes, wages decelerated (+1.0% after +1.4%). In construction, wages sped up (+0.4% after +0.2%). They rose in year-on-year changes (+0.7%) as in 2014Q3.
tableautableauSSangl – LCI - wages & salaries
| Quarterly variations (%) | Annual variations (%) | |||
|---|---|---|---|---|
| Q3-14 | Q4-14 | Q3-14 | Q4-14 | |
| Industry | –0.1 | 0.6 | 1.5 | 1.8 |
| Mining and quarrying | 0.6 | 1.5 | 0.8 | 2.5 |
| Manufacturing | 0.1 | 0.7 | 1.5 | 1.8 |
| Electricity, gas, steam and air conditioning supply | –2.6 | 0.2 | 1.4 | 1.3 |
| Water supply; sewerage, waste management and remediation activities | 0.8 | –0.3 | 1.1 | 0.8 |
| Services | 0.1 | 0.1 | 1.4 | 1.0 |
| Wholesale and retail trade; repair of motor vehicles and motorcycles | 0.0 | 0.2 | 1.5 | 1.3 |
| Transportation and storage | 0.2 | 0.2 | 1.3 | 1.0 |
| Accommodation and food service activities | 0.0 | 0.0 | 1.6 | 1.7 |
| Information and communication | –0.1 | 0.2 | 1.1 | 1.0 |
| Financial and insurance activities | 0.4 | –0.2 | 1.9 | 1.2 |
| Real estate activities | –0.6 | 1.5 | 1.9 | 2.2 |
| Professional, scientific and technical activities | 0.3 | –0.3 | 1.9 | 0.7 |
| Administrative and support service activities | –0.1 | 0.2 | 0.8 | –0.1 |
| Construction | 0.2 | 0.4 | 0.7 | 0.7 |
| TOTAL | 0.1 | 0.2 | 1.4 | 1.2 |
- Sources: ACOSS, DARES, INSEE
- Field: non-agricultural market sector excluding household services
Small upward revision of 2014Q3 LCI – total labour cost
The evolution of wages and salaries during the third quarter of 2014 is revised by +0.1 point in quarter-to-quarter changes but this evolution is not revised in year-on-year changes.
The labour cost index - total labour cost increased by 0.3%
In the fourth quarter of 2014, the labour cost index (LCI) - total labour cost in the non-agricultural market sector excluding household services increased by 0.3% in seasonnally adjusted data, after a rise of +0.1% in the third quarter.
In year-on-year changes, the LCI - total labour cost slowed down (+0.4% after +0.6%). Without the tax credit for encouraging competitiveness and jobs (CICE), the LCI - total labour cost would have also slowed down (+1.3% after +1.6% in year-on-year changes).
graphiqueGraphSCangl – LCI - total labor cost: year-on-year changes
- Sources: ACOSS, DARES, INSEE
No revision of 2014Q3 LCI – total labour cost
The change of labour cost index (LCI) – total labour cost in the third quarter of 2014 is not revised -neither in quarterly variations nor in year-on-year changes.
tableautableauSCangl – LCI - total labor cost
| Quarterly variations (%) | Annual variations (%) | |||
|---|---|---|---|---|
| Q3-14 | Q4-14 | Q3-14 | Q4-14 | |
| Industry | 0.0 | 0.6 | 0.8 | 1.0 |
| Mining and quarrying | 0.7 | 1.6 | 0.0 | 1.6 |
| Manufacturing | 0.1 | 0.6 | 0.8 | 1.0 |
| Electricity, gas, steam and air conditioning supply | –2.6 | 0.2 | 1.0 | 1.0 |
| Water supply; sewerage, waste management and remediation activities | 0.9 | –0.2 | 0.2 | –0.2 |
| Services | 0.1 | 0.1 | 0.6 | 0.2 |
| Wholesale and retail trade; repair of motor vehicles and motorcycles | 0.1 | 0.3 | 0.7 | 0.4 |
| Transportation and storage | 0.3 | 0.3 | 0.3 | 0.0 |
| Accommodation and food service activities | 0.1 | 0.2 | 0.0 | 0.5 |
| Information and communication | –0.1 | 0.2 | 0.6 | 0.6 |
| Financial and insurance activities | 0.5 | –0.3 | 1.5 | 0.8 |
| Real estate activities | –0.5 | 1.6 | 1.2 | 1.4 |
| Professional, scientific and technical activities | 0.3 | –0.3 | 1.4 | 0.2 |
| Administrative and support service activities | –0.1 | 0.3 | –0.4 | –1.2 |
| Construction | 0.4 | 0.5 | –0.2 | –0.2 |
| TOTAL | 0.1 | 0.3 | 0.6 | 0.4 |
- Sources: ACOSS, DARES, INSEE
- Field: non-agricultural market sector excluding household services
tableau – LCI - total labor cost (without CICE)
| Quarterly variations (%) | Annual variations (%) | |||
|---|---|---|---|---|
| Q3-14 | Q4-14 | Q3-14 | Q4-14 | |
| Industry | 0.0 | 0.6 | 1.7 | 1.9 |
| Mining and quarrying | 0.7 | 1.6 | 1.0 | 2.6 |
| Manufacturing | 0.1 | 0.6 | 1.7 | 1.9 |
| Electricity, gas, steam and air conditioning supply | -2.6 | 0.2 | 1.5 | 1.6 |
| Water supply; sewerage, waste management and remediation activities | 0.9 | -0.2 | 1.2 | 0.8 |
| Services | 0.1 | 0.1 | 1.5 | 1.1 |
| Wholesale and retail trade; repair of motor vehicles and motorcycles | 0.1 | 0.3 | 1.7 | 1.4 |
| Transportation and storage | 0.3 | 0.3 | 1.4 | 1.1 |
| Accommodation and food service activities | 0.1 | 0.1 | 1.4 | 1.9 |
| Information and communication | -0.1 | 0.2 | 1.1 | 1.1 |
| Financial and insurance activities | 0.5 | -0.3 | 2.0 | 1.3 |
| Real estate activities | -0.5 | 1.6 | 2.1 | 2.3 |
| Professional, scientific and technical activities | 0.3 | -0.3 | 2.0 | 0.8 |
| Administrative and support service activities | -0.1 | 0.3 | 0.9 | 0.0 |
| Construction | 0.4 | 0.5 | 0.9 | 0.9 |
| TOTAL | 0.1 | 0.3 | 1.6 | 1.3 |
- Field: non-agricultural market sector excluding household services
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