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Home BUSINESSWages and salary grows by 2.3 percent
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Tue, 12 Feb, 2013 01:41:01 AM
FTimes Report, February 12

 

The wages and salaries sum of the whole economy has been increased by 2.3 percent during the last quarter of the year 2012 compared to the stipulated period of the previous year, according to the Statistics Finland.

The report released here on Monday, however, said that in December alone, the wages and salaries sum of the whole economy felt by 0.8 per cent year-on-year.

The wages and salaries sum grew in the October to December period in all main industries with the exception of manufacturing, where the wages and salaries sum contracted by 0.8 per cent from twelve months back. The growth was fastest in the private health and social work (6.7%).

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.

 
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