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Published: 11 March 2011

Wages and salaries sum grew by 5 per cent in November to January

According to Statistics Finland, the wages and salaries sum of the whole economy was 5 per cent greater in the past November to January period than in the corresponding period twelve months back. In January alone the wages and salaries sum of the whole economy grew by 5.9 per cent. In the November to January period one year ago the wages and salaries sum fell by 2.7 per cent year-on-year.

Year-on-year change in wages and salaries sum in the 11/2010-1/2011 and 11/2009-1/2010 time periods, % (TOL 2008)

The wages and salaries sum went up in all the industries for which statistics are compiled. The growth was fastest in construction (10.3%), other services (6.2%) and in financial intermediation (5.8%). The increase in the wages and salaries sum was most moderate in public sector where it grew by 2.6 per cent from the comparison period of the year before.

The wages and salaries sum refers to the sum total of the gross wages and salaries paid to employees without incentive stock options. The wages and salaries sum is influenced by changes in employment and in the earnings level of wage and salary earners.

Data on casual wage and salary payers included as of January 2011

As of the data concerning January 2011, data on casual payers of wages and salaries are included in the calculations of wage and salary indices. Data on casual payers of wages and salaries have been included in the source data for the wage and salary indices since the tax account reform of January 2010 but have been excluded from the calculations of the indices for a year due to their incomparability. Casual wage and salary payers account for a small amount of the total wage and salary sum and the revision does not influence the comparability of the indices between years.

Source: Wage and salary indices, Statistics Finland

Inquiries: Tuomas Remes (09) 1734 3682, palvelut.suhdanne@stat.fi

Director in charge: Hannele Orjala

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Appendix tables

• Appendix table 1. Year-on-year change in the sum of wages and salaries by industry, % (TOL 2008) (11.3.2011)

Figures

• Appendix figure 1. Trends in the sum of wages and salaries by industry (TOL 2008) (11.3.2011)

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Updated 11.3.2011