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Home BUSINESSWages ups slightly in Nov-Jan
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Sun, 15 Mar, 2015 12:10:42 AM
FTimes Report, Mar 15
Year-on-year change in wages and salaries sum in the 11/2014-01/2015 and 11/2013-01/2015 time periods, % (TOL 2008). Source: Wage and salary indices, Statistics Finland.
The wages and salaries sum of the whole economy was 0.6 per cent greater in the past November to January period than in the corresponding period twelve months earlier, according to Statistics Finland’s data. 
 
In January alone, the total amount of wages and salaries of the whole economy grew by 0.9 per cent year-on-year.
 
In the November to January period one year ago, the wages and salaries sum grew by 1.4 per cent, the data show.
 
The wages and salaries sum grew in the November to January period in all main industries with the exception of manufacturing where the wages and salaries sum contracted by 1.9 per cent.
 
The growth in the wages and salaries sum was fastest 3.3 per cent in private health and social work and 2.1 per cent in services.
 
The wages and salaries sum in the private sector was 0.7 per cent greater in the November to January period than in the respective period twelve months earlier. In the public sector, the wages and salaries sum grew by 0.1 per cent.
 
In January alone, the wages and salaries sum in the private sector grew by 1.4 per cent and fell in the public sector by 0.3 per cent from one year earlier as per the statistics.
 
In the November to January period one year ago the wages and salaries sum grew by 1.7 per cent in the public sector and by 1.4 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.
 
 
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