Wages and salaries sum increased in November 2024

Wages and salaries sum increased by 2.8 per cent year-on-year in the public sector in November

The working day adjusted wages and salaries sum was 1.9 per cent lower in the private sector in November than twelve months earlier. The wages and salaries sum in the public sector was 4.2 per cent higher than a year earlier in the corresponding period. In the private sector, the seasonally adjusted wages and salaries sum decreased by 2.3 per cent and increased in the public sector by 0.6 per cent in November from the month before.

Content is being loaded

Wages and salaries sum decreased in almost all main industries in the private sector

The working day adjusted wages and salaries sum decreased in November 2024 in all other main industries but increased in the industries of finance and insurance and trade compared to November 2023. The working day adjusted wages and salaries sum increased significantly in the industry of finance and insurance (11.2 %). The growth was moderate in the industry of trade (0.3 %). At the same period the working day adjusted wages and salaries sum decreased significantly in the industry of construction (-7 %). There was also moderate decrease in the industries of manufacturing (-1.7 %), other services (-1 %), private education (-0.5 %) and private health and social work (-0.3 %).

Content is being loaded

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.