Official Statistics of Finland

Labour cost index

Producer: Statistics Finland
Data:

Latest release:
Private sector cost of an hour worked increased by 0.2 per cent in July to September year-on-year
09 Dec 2019
According to Statistics Finland, private sector labour costs increased by 0.2 per cent in July to September 2019 when compared with the respective period of the year before. Seasonally adjusted labour costs went up by 0.5 per cent in July to September 2019. There was one more working day in the third quarter of 2019 than in the corresponding period of 2018. In the Labour Cost Index, an increase in the number of working days usually has a decreasing effect on costs.

Next release:
Statistical releases will not be issued in English from these statistics in 2019.

Description: The labour cost index measures the quarterly change in average labour costs per hour worked. The statistics cover almost the whole private sector as well as the central government and local government sectors. Excluded from the statistics are agriculture, forestry and fishing. In addition to the actual labour cost index, the labour cost index includes three complementing indices: the index of wage costs, the index of social costs and the labour cost index without one-off and extraordinary cost components.
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Keywords: costs, indices, industries, labour cost index, labour costs, private sector, social security contributions, wages and salaries.
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Change: Base year of the Labour Cost Index changes
07 Jun 2019
The new base year of the Labour Cost Index is 2016.

Referencing instructions:

Official Statistics of Finland (OSF): Labour cost index [e-publication].
ISSN=1798-3746. Helsinki: Statistics Finland [referred: 13.12.2019].
Access method: http://www.stat.fi/til/tvki/index_en.html