|
Wed, 10 Sep, 2014 12:05:26 AM FTimes Report, Sept 10  Year-on-year change in labour costs in the private sector from the respective quarter of previous year. Source: Statistics Finland. Labour costs in the private sector increased by 2.9 per cent in April to June 2014 compared with the respective period of the year before, according to the Statistics Finland.
Labour costs excluding one-off items, such as performance-based bonuses, went up by 2.3 per cent compared with the respective period of the year before.
In the corresponding period, the index of wage and salary earnings rose by 1.6 per cent in the private sector, the data show.
In the central government sector, labour costs grew by 5.9 per cent in the April to June period this year compared with the respective period of the previous year.
In the local government sector, labour costs increased 2.2 per cent during the period. The increase in social insurance contributions raised the cost of an hour worked in all sectors compared with the year before, according to the statistics.
The second quarter of 2014 had one working day fewer than in 2013. The
variation in the number of working days in the same quarter between different years has an effect on labour costs, because the cost is calculated per hours worked.
Calculated by industry, the cost of an hour worked in all manufacturing went up by 4.2 per cent. The cost of an hour worked increased most in the forest industry, where it grew by 8.6 per cent, the data show.
Annual changes in labour costs according to Standard Industrial Classification 2008, 2nd quarter 2014
Source: Wages, Salaries and Labour Costs, Statistics Finland.
More News
|
|
||||||||||||||||||||||||||||||||||||||||
Finland Times
| Saturday, 04 May, 2024 |
|
Copyright © 2024 All rights reserved
|
||||
