In 2023, the labor cost per employee FTE in the UK stone, sand, and clay quarrying sector stood below the forecasted levels for 2024 to 2028. From 2024 onward, the costs are projected to increase steadily from 62.6 thousand euros to 66.3 thousand euros by 2028.
The year-on-year growth rate indicates minor but consistent increments, approximating 1.6% per year.
The longer-term CAGR over these years reflects a stable upward trend, suggesting increasing labor expenses in the sector.
Future trends to watch include technological advancements that could impact labor efficiency, evolving labor regulations, and potential economic fluctuations affecting wage structures.
