Trade led the rise in wages in May



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In May, the Nominal Payrolls (IR) and Labor Costs (Icmo) showed variations in twelve months of equal magnitude: 3.2%, reported on Thursday. the National Institute of Statistics (INE).

The entity explained that, by economic sector, trade, manufacturing and construction recorded the main positive impacts in both indicators.

For its part, the actual IR recorded an increase of 1.1% compared to May 2017, accumulating a variation of -0.8% since the beginning of the year

On the other hand, it was the small firms that reported the largest year-on-year increases: 5.1% in the IR and 5.3% in the Icmo, followed by the largest (3%). , 0% in the IR and 2.9% in the Icmo) and means (2.0% in the IR and 2.2% in the Icmo).

INE also indicated that the average regular hourly pay was $ 4,661, which represents an increase of 3.8% in twelve months. This value stood at $ 4,330 for women, which meant an annual increase of 3.5% and reached $ 4,946 for men, noting a change of 4.0% over the course of the year. same period. All variations in the twelve months presented are of a referential nature

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