The total gross monthly earnings per employee (per job) increased by 2.2% in the quarter ended in March 2022 (1st quarter), compared to the same period of 2021, to €1,258. The regular component of those earnings increased by 1.7%, standing in €1,127, and the base component increased by 1.6%, reaching €1,058. In real terms, considering the Consumer Price Index, the total gross earnings decreased by 2.0%, while both the regular and the base monthly earnings decreased by 2.5%. These results cover 4.3 million jobs, corresponding to Social Security beneficiaries and to Caixa Geral de Aposentações subscribers.

Compared to March 2021, the largest increases in total gross earnings were observed in the Real estate activities (section L; 6.4%), in enterprises of 1 to 4 employees (6.2%), in the private sector (3.0%), and in enterprises in High-technology services (5.5%). Negative changes in total earnings were observed in the activities of Electricity, gas, steam, cold and hot water and cold air (section D; -16.3%), in enterprises of 500 or more employees (-0.6%) and in the High-technology manufacturing industries (-0.5%).

As in the estimates of the Labour Force Survey concerning the 1st quarter of 2022 released yesterday, the administrative data from the two sources above show an increase of 5.3% in the number of employees (jobs) compared to the same period of the previous year (the number of employees of the Labour Force Survey has increased by 4.5%).