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Home BUSINESSWages and salaries sum grows by 1.9 per cent in second quarter
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Tue, 13 Aug, 2013 12:00:47 AM
FTimes Report, August 13
 
Source - Statistics Finland
The sum of wages and salaries of the country’s economy has grown by 1.9 per cent during the last April to June period compared to the corresponding period of the previous year, according to the Statistics Finland.
 
The data of the Statistics Finland showed the wages and salaries sum of the whole economy grew by 0.1 per cent in June alone on year-on-year basis.
 
In the April to June period one year ago, the wages and salaries sum grew by 4.4 per cent.
 
The wages and salaries sum grew in the April to June period in all main industries with the exception of manufacturing, where the wages and salaries sum contracted by one per cent.
 
The wages and salaries sum grew fastest in private health and social work services, which is over 6.3 per cent.
 
The wages and salaries sum refers to the 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 earning level of wage and salary earners.
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