Finland Times

 

Year-on-year change in wages and salaries sum in the 04-06/2014 and 04-06/2013 time periods, % (TOL 2008). Source: Statistics Finland.

The wages and salaries sum of the whole economy in the country has increased by 1.0 per cent in the last April to June period compared to that in the corresponding time twelve months back as the wages and salaries sum is influenced by changes in employment and in the earnings level of wage and salary earners.

 

According to Statistics Finland, in June alone, the wages and salaries sum of the whole economy grew by one per cent year-on-year and in the April to June period one year ago, the wages and salaries sum grew by 1.3 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 0.1 per cent from twelve months back.

 

The growth in the wages and salaries sum was fastest in the private health and social work (4.0%) and construction (2.9 %).

 

Annual change in the wages and salaries sum of the whole economy, and the private and public sector in 04–06/2014 and 04–06/2013, % (TOL 2008 and S 2012). Source: Statistics Finland.

The wages and salaries sum in the private sector was 1.5 per cent greater in the April to June period than in the respective time period twelve months back. In the public sector, the wages and salaries sum decreased by 0.6 per cent in the latest three-month period from twelve months back.

 

In June alone, the wages and salaries sum in the private sector grew by 1.1 per cent and fell in the public sector by 0.1 per cent from one year earlier. In the April to June period one year ago the wages and salaries sum grew by 2.7 per cent in the public sector and 0.5 per cent in the private sector.

 

The wages and salaries sum refers to the sum total of the gross wages and salaries paid to employees without incentive stock options.