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Wed, 11 Sep, 2013 12:00:07 AM FTimes Report, September 11  Source - Statistics Finland The wages and salaries sum in the country’s economy grew by 1.9 per cent in the past May to July period compared to that in the corresponding period of last year, according to the Statistics Finland.
The Statistics Finland shows that the wages and salaries sum of the whole economy grew by 2.6 per cent in July alone since last year. In the May to July period one year ago, the wages and salaries sum grew by 3.3 per cent.
The wages and salaries sum grew in the May to July period in all main industries with the exception of manufacturing, where the wages and salaries sum contracted by 1.9 per cent since last year.
The wages and salaries sum grew fastest in private health and social work services which is more or less 5.5 per cent.
The wages and salaries sum refers to the sum total of the gross wages and salaries paid to employees without incentive stock options.
The wages and salaries sum is influenced by changes in employment and in the earnings level of wage and salary earners.
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