The formal wage bill —which represents the total value of income earned by workers— grew 8.4% in real terms last August compared to the same month in 2024, the
This growth is attributed to the sustained increase in employment, which rose by 5.2% in August, according to data from the electronic payroll system.
The private sector wage bill recorded a 10.4% year-on-year increase in real terms during the eighth month.
It was mainly driven by greater momentum in the services and agriculture-livestock sectors.
This expansion rate marks 17 consecutive months of improvement.
The wage bill is a key labor sector indicator, resulting from the product of the average income and the total number of formal jobs.