Wage and salary earners’ real earnings decreased by 4.8 per cent in July to September

Release related to topics:Work, wages and livelihood
release | Index of wage and salary earnings 2022, 3rd quarter

Change

The database tables of the index of wage and salary earnings have been updated. The index of real wage and salary earnings has been added to the tables as a new variable.
Read more about the change

According to Statistics Finland’s preliminary data, the index of wage and salary earnings, which measures the rise in the nominal earnings of full-time wage and salary earners, rose by 2.7 per cent in July to September 2022 when compared with the respective period in 2021. Real earnings decreased by 4.8 per cent compared to the third quarter of the previous year because the rise in consumer prices was faster than that in the earnings level.

Key selections

  • The index of wage and salary earnings describing the nominal earnings of full-time wage and salary earners rose by 2.7 per cent in July to September 2022 when compared with the respective period of the year before.
  • In the private sector, the nominal earnings of wage and salary earners rose by 2.9 per cent, in the central government sector by 2.4 per cent and in the local government sector by 2.3 per cent.
  • The index describing the regular earnings of full-time wage and salary earners rose by 2.5 per cent.
  • By contrast, the real earnings of wage and salary earners fell by 4.8 per cent because the rise in consumer prices was considerably faster.
  • Real earnings have fallen during 2022 to the level where they were eight years ago.

Change

The database tables of the index of wage and salary earnings have been updated. The index of real wage and salary earnings has been added to the tables as a new variable.
Read more about the change

Database tables

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Updated database tables
Classifications used:
  • Standard Industrial Classification TOL 2008
  • Base of payment
Statistics:
Updated:
Classifications used:
  • Base of payment
  • Standard Industrial Classification TOL 2008
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      • Sector
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      year
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      New database tables
      Classifications used:
      • Sector
      • Base of payment
      • Gender
      Reference period cycle:
      quarter
      Updating frequency:
      quarter
      Updated:
      Classifications used:
      • Sector
      • Base of payment
      • Gender
      Reference period cycle:
      year
      Updating frequency:
      quarter
      Updated:
      Removed database tables

      Future releases

      Documentation

      Description of the production, used methods and quality of the statistics.

      Go to documentation of the statistics

      Referencing instructions

      Official Statistics of Finland (OSF): Index of wage and salary earnings [online publication].
      Reference period: 2022, 3rd quarter. ISSN=1798-7814. Helsinki: Statistics Finland [Referenced: 16.11.2024].
      Access method:

      Statistical experts

      Inquiries primarily

      Jukka Tapio
      Senior Statistician
      029 551 3429

      Other experts

      Harri Nummila
      Senior Statistician
      029 551 3235

      Head of Department in charge

      Hannele Orjala
      Head of Department in charge
      029 551 3582