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Monday, 05 December, 2022
Home BUSINESSEarnings up by 1.3% in Q4
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Sat, 07 Feb, 2015 12:03:32 AM
FTimes Report, Feb 7
 
Year-on-year changes in index of wage and salary earnings 2000/1–2014/4, per cent. Source: Index of wage and salary earnings 2014, 4th quarter. Statistics Finland.
The nominal earnings of wage- and salary-earners rose by 1.3 per cent in October-December 2014 compared to the respective quarter of the year before, according to Statistics Finland’ preliminary data.
 
Real earnings rose by 0.5 per cent compared to the fourth quarter of the previous year, because the rise in earnings level was faster than that in consumer prices.
 
Over the period from October to December 2013 to the respective period in 2014, the nominal earnings of wage and salary earners rose in the private sector by 1.4 per cent, in the central government sector by 1.1 per cent and in the local government sector by 1.1 per cent.
 
According to the data, compared to the year before, the average increase in the level of earnings in 2014 was 1.4 per cent, whereas the increase in real earnings was 0.4 per cent.
 
Wage- and salary-earners’ regular earnings increased by 1.3 per cent in October-December.
 
The wage- and salary-earners’ regular earnings rose by 1.3 per cent in the fourth quarter of 2014 compared to the respective period in 2013. The increase was 1.3 per cent in the private sector, 1.1 per cent in the central government sector and 1.1 per cent in the local government sector, the statistics show.
 
Wage- and salary-earners’ regular earnings refer to earnings for regular working hours exclusive of performance-based bonuses and other irregularly paid one-off items.
 
 
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