Wage and salary earners' earnings rose by 4.3 per cent in July-September

According to preliminary data of Statistics Finland, the nominal earnings of wage and salary earners rose by 4.3 per cent in July-September 2009 when compared with the respective period in 2008. The year-on-year rise in real earnings adjusted for the change in consumer prices stood at 5.1 per cent in the third quarter of 2009. Real earnings went up faster than nominal earnings in the third quarter because consumer prices fell from last year's respective time period.

During the period from July-September 2008 to the respective period in 2009 the nominal earnings of wage and salary earners rose in the central government sector by 5.8 per cent, in the private sector by 4.4 per cent and in the local government sector by 3.4 per cent.

Index of wage and salary earnings 2005=100 and year-on-year change in earnings

Year and quarter	2005=100	Year-on-year change in level of earnings	Year-on-year change in real earnings
2008	112,3	5,5	1,4
2008/4	115,2	5,3	1,4
2009/1*	115,0	4,3	2,7
2009/2*	116,3	4,3	4,1
2009/3*	117,2	4,3	5,1

Wage and salary earners' regular earnings increased by 4.9 per cent in July-September

According to preliminary data of Statistics Finland, wage and salary earners' regular earnings rose by 4.9 per cent in July-September 2009 when compared with the respective period in 2008. The year-on-year increase in regular earnings in the second quarter was 0.6 per cent faster than that of the index of wage and salary earnings, as the performance-based bonuses included in the index of wage and salary earnings decreased in the third quarter.

During the period from July-September 2008 to the respective period in 2009 regular earnings rose in the central government sector by 5.8 per cent, in the private sector by 5.3 per cent and in the local government sector by 3.4 per cent.

Wage and salary earners' regular earnings refer to earnings for regular working hours exclusive of performance-based bonuses and other irregularly paid one-off items.

Source: Index of wage and salary earnings, 3rd quarter 2009. Statistics Finland

Inquiries: Mr Harri Nummila +358 9 1734 3235, Mr Pekka Haapala +358 9 1734 3460, palkat.indeksit@stat.fi

Director in charge: Mr Kari Molnar

Ansiotasoindeksi 2009, 3. vuosineljännes (pdf 310.1 kB)

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Last updated 15.10.2009

Referencing instructions:

Official Statistics of Finland (OSF): Ansiotasoindeksi [e-publication].
ISSN=1796-3737. 3. vuosineljännes 2009. Helsinki: Tilastokeskus [referred: 22.11.2024].
Access method: http://www.stat.fi/til/ati/2009/03/ati_2009_03_2009-10-15_tie_001_en.html