Thursday, May 26, 2016

Alarm Istat: wages never so low since 1982 – The Republic

MILAN – Italy into deflation, with trading in its decline as the industry, ballast salaries that record the increasing trend of lower hourly wages since 1982, when the time series detected by Istat began. It never happened – detects the Institute of Statistics – the annual growth was 0.6%: the minimum historical precedent was set in January with a 0.7%.

In April, moreover, salaries were unchanged compared to March: total, then, in the first four months of 2016, the average hourly wage grew by 0.7% over the corresponding period of 2015. As regards the main macro sectors, salaries recorded an increasing trend of 0.8% for employees in the private sector (0.7% in industry and 0.8% in private services) and no change for those of the public administration because of the trading block.

the sectors which have the tendency of April largest increases are: textiles, clothing and leather work (3.4%); electricity and gas (1.9%). Register variations void in the engineering, telecommunications, and in all sectors of public administration.

At the end of April the national collective agreements in the labor force for the economic part concerning 35.9% of occupied employees and correspond to 34.6% of the total payroll observed. The employee share pending renewal is 64.1% in the total economy and the 53.6% in the private sector. The pending renewal for workers with expired contract is 37.9 month average for all sectors and 17.1 months for those in the private sector.

Among the contracts monitored by ‘survey, in April no new agreement was adopted, while seven are those who came to maturity. Overall, pending renewal contracts have 52 (of which 15 belong to the government) for approximately 8.3 million employees, of which about 2.9 million in the public sector.

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istat
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