Home > Statistics > Wage and salary indices > 2015 > January > Wages and salaries sum grew by 0.6 per cent year-on-year in November to January

Published: 13 March 2015

Wages and salaries sum grew by 0.6 per cent year-on-year in November to January

According to Statistics Finland, the wages and salaries sum of the whole economy was 0.6 per cent greater in the past November to January period than in the corresponding period twelve months earlier. In January alone, the wages and salaries sum of the whole economy grew by 0.9 per cent year-on-year. In the November to January period one year ago, the wages and salaries sum grew by 1.4 per cent.

Year-on-year change in wages and salaries sum in the 11/2014-01/2015 and 11/2013-01/2015 time periods, % (TOL 2008)

The wages and salaries sum grew in the November to January period in all main industries with the exception of manufacturing, where the wages and salaries sum contracted by 1.9 per cent. The growth in the wages and salaries sum was fastest in private health and social work (3.3%) and services (2.1%).

The wages and salaries sum grew by 0.7 cent in the private sector in November to January year-on-year

The wages and salaries sum in the private sector was 0.7 per cent greater in the November to January period than in the respective time period twelve months earlier. In the public sector, the wages and salaries sum grew by 0.1 per cent in the latest three-month period from twelve months back. In January alone, the wages and salaries sum in the private sector grew by 1.4 per cent and fell in the public sector by 0.3 per cent from one year earlier. In the November to January period one year ago the wages and salaries sum grew by 1.7 per cent in the public sector and by 1.4 per cent in the private sector.

Annual change in the wages and salaries sum of the whole economy, and the private and public sector in 11/2014-01/2015 and 11/2013-01/2015, % (TOL 2008 and S 2012)

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.

New seasonal adjustment software adopted

Starting from the January 2015 data, a new seasonal adjustment software J-Demetra+ will be adopted in the Wage and salary indices. The software change does not affect the used seasonal adjustment method. The change does not influence the interpretation or use of the time series either. More about the implementation of the software Changes in these statistics .

Source: Wage and salary indices, Statistics Finland

Inquiries: Godfrey Lowndes 029 551 3423, 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 and sector, % (TOL 2008 and S 2012) (13.3.2015)

Figures

• Appendix figure 1. Trends in the sum of wages and salaries by industry (TOL 2008) (13.3.2015)
• Appendix figure 2. Trends in the sum of wages and salaries by sector (S 2012) (13.3.2015)

Revisions in these statistics

• Revisions in these statistics (13.3.2015)

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Updated 13.3.2015