2nd quarter of 2009: Short-time work and lower extra payments leading to decrease in nominal and real earnings
WIESBADEN – As reported by the Federal Statistical Office (Destatis), real earnings in the second quarter of 2009 were an average 1.2% lower than in the same quarter of the previous year. The decrease in real earnings is mainly due to the decline in nominal gross monthly earnings (–1.0%). In the same period, consumer prices rose 0.3%. The main reason for the decline in earnings was extra payments which were down by 9.2% compared with the second quarter of 2008. The basic remuneration, that is gross monthly earnings excluding extra payments, rose 0.9% in the same period.
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