Published: 12 July 2011
According to Statistics Finland, the wages and salaries sum of the whole economy was 5.8 per cent greater in the past March to May period than in the corresponding period twelve months earlier. In May alone, the wages and salaries sum of the whole economy grew by 7.3 per cent year-on-year. In the March to May period one year ago, the wages and salaries sum grew by 1.4 per cent.
Year-on-year change in wages and salaries sum in the 3-5/2011 and 3-5/2010 time periods, % (TOL 2008)
The wages and salaries sum went up in the March to May period in all the industries for which statistics are compiled. The growth was fastest in the activities of construction (8.7%), trade (7.1%), other services (7.0%) and private health and social work (5.8%). The rising of the wages and salaries sum was most moderate in the public sector where it grew by 3.2 per cent from the comparison period of the year before.
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.
As of the data concerning January 2011, data on casual payers of wages and salaries are included in the calculations of wage and salary indices. Data on casual payers of wages and salaries have been included in the source data for the wage and salary indices since the tax account reform of January 2010 but have been excluded from the calculations of the indices for a year due to their incomparability. Casual wage and salary payers account for a small amount of the total wage and salary sum and the revision does not influence the comparability of the indices between years.
Source: Wage and salary indices, Statistics Finland
Inquiries: Tuomas Remes (09) 1734 3682, email@example.com
Director in charge: Hannele Orjala
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