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Published: 13 January 2016

The wages and salaries sum went up 1.0 per cent year-on-year in September to November

According to Statistics Finland, the wages and salaries sum of the whole economy was 1.0 per cent greater in the September to November period than in the corresponding period twelve months earlier. In November alone, the wages and salaries sum increased by 1.2 per cent year-on-year. In September to November 2014, the wages and salaries sum of the whole economy grew by 0.8 per cent.

Year-on-year change in wages and salaries sum in the 09-11/2015 and 09-11/2014 time periods, % (TOL 2008)

In the September to November period wages and salaries sum grew fastest in construction (3.9 %) and private health and social work services (3.8 %). The wages and salaries sum also increased in financial intermediation (2.6 %), other services (2.6 %) and trade (0.1 %). Over the same period the wages and salaries sum decreased in manufacturing (-0.8 %) and education services provided by the private sector (-1.5 %).

Wages and salaries sum grew by 1.8 per cent in the private sector in September to November year-on-year

The wages and salaries sum in the private sector was 1.8 per cent greater in the September to November period than in the respective time period twelve months earlier. Over the same period, the wages and salaries sum of the public sector declined by 0.7 per cent year-on-year. In November alone, the wages and salaries sum in the private sector increased by 2.0 per cent. In the public sector wages and salaries sum declined by 0.7 per cent from one year earlier. In the September to November period one year ago the wages and salaries sum grew by 1.2 per cent in the private sector and by 0.5 per cent in the public sector from the year before.

Annual change in the wages and salaries sum of the whole economy, and the private and public sector in 09–11/2015 and 09–11/2014, % (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.

Source: Wage and salary indices, Statistics Finland

Inquiries: Katja Äijö 029 551 2659, palvelut.suhdanne@stat.fi

Director in charge: Mari Ylä-Jarkko

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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) (13.1.2016)

Figures

• Appendix figure 1. Trends in the sum of wages and salaries by industry (TOL 2008) (13.1.2016)
• Appendix figure 2. Trends in the sum of wages and salaries by sector (S 2012) (13.1.2016)

Revisions in these statistics

• Revisions in these statistics (13.1.2016)

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Updated 13.01.2016