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Wages and salaries sum grew in November 2022

release | Wage and salary indices 2022, November

According to Statistics Finland’s data, the working day adjusted wages and salaries sum of the whole economy was 7.2 per cent higher in November 2022 than in November 2021. The seasonally adjusted wages and salaries sum of the whole economy increased by 0.3 per cent in November from the month before.

Key selections

  • The working day adjusted wages and salaries sum grew by 7.2 per cent in November 2022 year-on-year.
  • The seasonally adjusted wages and salaries sum increased in November 2022 by 0.3 per cent from the previous month.

Wages and salaries sum grew in all main industries

The working day adjusted wages and salaries sum grew in November 2022 in all main industries compared to November 2021. The working day adjusted wages and salaries sum grew fastest in the industries of private health and social work (10.1%), other services (9.6%) and private education (8.7%). The wages and salaries sum increased more moderately in the industries of manufacturing (7.3%), financial and insurance (6.3%), trade (5.2%) and construction (4.7%).

Wages and salaries sum grew by 8.5 per cent year-on-year in the private sector in November

The working day adjusted wages and salaries sum was 8.5 per cent higher in the private sector in November than twelve months earlier. The wages and salaries sum in the public sector was 5.1 per cent higher than in the corresponding period one year previously. In the private sector, the seasonally adjusted wages and salaries sum grew by 0.4 per cent and in the public sector by 0.3 per cent in November from the month before.

The factors caused by the variation in the number of weekdays are taken into account in adjustment for working days. This means taking into consideration the lengths of months, different weekdays and holidays. In addition, seasonal variation is eliminated from seasonally adjusted series, on account of which it makes sense to compare observations of two successive months as well.

Figures

See key statistical data in the figures.

Trends in the sum of wages and salaries by industry (TOL 2008)

Trends in the sum of wages and salaries by sector (S 2012)

Tables

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Year-on-year change in the working day adjusted wages and salaries sum by industry and sector, % (TOL 2008 and S 2012)

Revision of annual changes in the wages and salaries sum in main industries 1)

Revision of long-term annual changes in the wages and salaries sum in main industries (2020)

Database tables

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Updated database tables
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Service email
palkkasumma@stat.fi
Mikko Toiviainen
Senior Statistician
029 551 3589
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