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Home BUSINESSSalaries go up by 1% in Sept-Nov, 2015
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Thu, 14 Jan, 2016 12:07:50 AM
FTimes Report, Jan 14
 
Year-on-year change in wages and salaries sum in the 09-11/2015 and 09-11/2014 time periods, % (TOL 2008). Source: Wage and salary indices, Statistics Finland.
The sum total of wages and salaries of the whole economy was 1.0 per cent greater in the September to November period than in the corresponding period twelve months earlier, according to Statistics Finland.
 
In November alone, the wages and salaries sum increased by 1.2 per cent year-on-year.
 
The wages and salaries sum of the whole economy grew by 0.8 per cent in September to November 2014.
 
In the September to November period, the amount of wages and salaries grew fastest in construction (3.9 %) and private health and social work services (3.8 %).
 
The wages and salaries sum also increased in financial intermediation (2.6 %), other services (2.6 %) and trade (0.1 %).
 
Over the same period the wages and salaries sum decreased in manufacturing (-0.8 %) and education services provided by the private sector (-1.5 %).
 
In the private sector, the sum total of the wages and salaries was 1.8 per cent greater in the September to November period than in the respective time period twelve months earlier, the data show.
 
Over the same period, the wages and salaries sum of the public sector declined by 0.7 per cent year-on-year.
 
In November alone, the wages and salaries sum in the private sector increased by 2.0 per cent.
 
In the public sector, the amount of wages and salaries declined by 0.7 per cent from one year earlier.
 
In the September to November period one year ago, the wages and salaries sum grew by 1.2 per cent in the private sector and by 0.5 per cent in the public sector from the year before.
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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