Sun, 18 Jan, 2015 12:06:08 AM FTimes Report, Jan 18  Year-on-year change in wages and salaries sum in the 09-11/2014 and 09-11/2013 time periods, % (TOL 2008). Source: Wage and salary indices, Statistics Finland. The wages and salaries sum of the whole economy was 1.2 per cent more in the past September to November period than in the corresponding period twelve months before, according to Statistics Finland.
In November alone, the total wages and salaries fell by 0.7 per cent year-on-year.
There was one more pay day Friday in November 2013 than in November 2014, which weakened the development of the wages and salaries sum in several industries, the data show.
The wages and salaries grew by one per cent in the September to November period one year ago.
The wages and salaries grew in all main industries. The growth was the fastest in private health and social work (3.3%) and services (2.2%).
Annual change in the wages and salaries sum of the whole economy, and the private and public sector in 09–11/2014 and 09–11/2013, % (TOL 2008 and S 2012). Source: Wage and salary indices, Statistics Finland. The growth was the most moderate in manufacturing where it grew by 0.1 per cent compared to the corresponding period of the year before.
The total wages and salaries grew by 1.6 cent in the private sector in September to November year-on-year.
In the public sector, they grew by 0.4 per cent in the latest three-month period from twelve months back.
In November alone, the total wages and salaries in the private sector fell by 1.3 per cent and grew in the public sector by 0.2 per cent from one year earlier as per the statistics.
The wages and salaries sum refers to the total of gross wages and salaries paid to employees without incentive stock options.
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