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Published: 15 January 2015

Wages and salaries sum grew by 1.2 per cent year-on-year in September to November

According to Statistics Finland, the wages and salaries sum of the whole economy was 1.2 per cent greater in the past September to November period than in the corresponding period twelve months earlier. In November alone, the wages and salaries sum of the whole economy fell by 0.7 per cent year-on-year. There was one more pay day Friday in November 2013 than in November 2014, which weakened the development of the wages and salaries sum in several industries. In the September to November period one year ago, the wages and salaries sum grew by one per cent.

Year-on-year change in wages and salaries sum in the 09-11/2014 and 09-11/2013 time periods, % (TOL 2008)

The wages and salaries sum grew in the September to November period in all main industries. The growth in the wages and salaries sum was fastest in private health and social work (3.3%) and services (2.2%). The rising of the wages and salaries sum was most moderate in manufacturing where it grew by 0.1 per cent from the comparison period of the year before.

The wages and salaries sum grew by 1.6 cent in the private sector in September to November year-on-year

The wages and salaries sum in the private sector was 1.6 per cent greater in the September to November period than in the respective time period twelve months earlier. In the public sector, the wages and salaries sum grew by 0.4 per cent in the latest three-month period from twelve months back. In November alone, the wages and salaries sum in the private sector fell by 1.3 per cent and grew in the public sector by 0.2 per cent from one year earlier. There was one more pay day Friday in November 2013 than in November 2014, which weakened the development of the wages and salaries sum in the private sector. In the September to November period one year ago the wages and salaries sum grew by 1.8 per cent in the public sector and by 0.7 per cent in the private sector.

Annual change in the wages and salaries sum of the whole economy, and the private and public sector in 09–11/2014 and 09–11/2013, % (TOL 2008 and S 2012)

The wages and salaries sum refers to the sum total of the gross wages and salaries paid to employees without incentive stock options. The wages and salaries sum is influenced by changes in employment and in the earnings level of wage and salary earners.

Source: Wage and salary indices, Statistics Finland

Inquiries: Godfrey Lowndes 029 551 3423 , palvelut.suhdanne@stat.fi

Director in charge: Hannele Orjala

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Appendix tables

• Appendix table 1. Year-on-year change in the sum of wages and salaries by industry and sector, % (TOL 2008 and S 2012) (15.1.2015)

Figures

• Appendix figure 1. Trends in the sum of wages and salaries by industry (TOL 2008) (15.1.2015)
• Appendix figure 2. Trends in the sum of wages and salaries by sector (S 2012) (15.1.2015)

Revisions in these statistics

• Revisions in these statistics (15.1.2015)

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Updated 15.1.2015