Average weekly earnings increased by 4.3% in the 12 months to the first quarter of 2023.
According to figures from the Central Statistics Office (CSO), average weekly earnings were €923.48 in the first three months of the year compared to €885.33 in the same period last year.
Average hourly earnings have risen by 4.1% to €28.55.
The job vacancy rate at the end of the first quarter of 2023 was 1.4%, down from 1.6% at the same time last year and slightly up from the 1.3% recorded in the fourth quarter of 2022.
Despite recent job losses in the tech sector, wages in the industry remain strong.
The largest annual percentage increase in first quarter of the year in average weekly earnings was 10.1% in the information and communication sector.
The IT sector also had the highest averages for hourly total labour costs at €54.10.
This was followed by €51.63 in financial, insurance and real estate activities.
The lowest averages for hourly total labour costs were €17.65 in accommodation and food services, and €25.37 in arts, entertainment and recreation.
The public administration and defence sector had the highest job vacancy rate at 3% in the first quarter of the year, followed by 2.8% in the professional, scientific and technical sector.
Average hourly other labour costs increased by 27.2% across all economic sectors to €4.58 in the first three months of the year.
"A significant factor in this growth was the ending of the Employment Wage Subsidy Scheme (EWSS) on 31 May 2022," said Louise Egan, CSO Statistician in the Earnings Analysis Division.
