Private sector cost of an hour worked increased by 0.3 per cent in January to March 2023
Release related to topics:EnterprisesWork, wages and livelihood
release | Labour cost index 2023, 1st quarterChange
Labour cost index statistics are renewed: the base year changes and new local government units have been added to the statistics.
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New database tables are published and old database tables are archived in the statistics on labour cost index.
Read more about the changeAccording to Statistics Finland, labour costs in the private sector rose by 0.3 per cent in January to March 2023 when compared to the respective period of the year before. In the central government sector, costs grew by 2.0 per cent and in the local government sector by 0.6 per cent. The first quarter of 2023 had 64 working days, which is one more than in the corresponding period of 2022. In the labour cost index, growth in costs is usually curbed by growth in the number of working days.
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Key selections
- Wellbeing services counties and joint county authorities for wellbeing services were included in the statistics starting from the beginning of 2023.
- From the first quarter of 2023, the local government index series includes municipalities, wellbeing services counties, joint municipal authorities and joint county authorities for wellbeing services. A coherent time series is available from the beginning of 2008.
- Among private sector industries, the biggest rise in labour costs, 4.4 per cent, was recorded in the chemical industry in January to March 2023 compared to the corresponding period of the previous year.
- Costs fell most, by 1.4 per cent, in information and communication activities and in construction in the private sector in the first quarter of 2023 from one year ago.
Tables
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Labour costs, index points 2021Q1-2023Q1
Labour costs, annual change percentages 2021Q1-2023Q1
Data revisions
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Revisions to annual changes in the original labour cost index by sector
Revisions to annual changes in the seasonally adjusted labour cost index by sector
Database tables
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New database tables
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- Industry (TOL 2008)
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Future releases
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Documentation
Description of the production, used methods and quality of the statistics.
Go to documentation of the statisticsReferencing instructions
Official Statistics of Finland (OSF): Labour cost index [online publication].
Reference period: 2023, 1st quarter. ISSN=1798-3746. Helsinki: Statistics Finland [Referenced: 16.10.2024].
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Service email
tvkindeksi@stat.fiPekka Haapala
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029 551 3460
Other experts
Katri Lepikkö
Senior Statistician
029 551 3223
Antti Saarinen
Senior Statistician
029 551 3551
Tuomas Lahti
Senior Statistician
029 551 3299
Head of Department in charge
Hannele Orjala
Head of Department in charge
029 551 3582