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Wages and salaries sum grew in August 2022

release 14/10/2022 | Wage and salary indices 2022, August

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 August 2022 than in August 2021. The seasonally adjusted wages and salaries sum of the whole economy increased by 0.8 per cent in August from the month before.

Working day adjusted wages and salaries sum of the whole economy 4/2021 to 4/2022. The working day adjusted wages and salaries sum grew by 7.2 per cent in August.

Key points

The working day adjusted wages and salaries sum grew by 7.2 per cent in August 2022 year-on-year.

The seasonally adjusted wages and salaries sum increased in August 2022 by 0.8 per cent from the previous month.

Statistics used in the release

Wage and salary indices

Figures

See key statistical data in the figures.

14.10.2022

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

14.10.2022

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

Tables

See key statistical data in the tables.

14.10.2022

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

	A-X Whole economy	Private sector	OPQ Public sector	B-E Total industry	F Construction	G Wholesale and retail trade	HIJLMNRS Other service activities total	K Financial and insurance activities	P Education, excl. public sector	Q Health and social work, excl. public sector
2021M08	5.2	5.4	4.6	4.2	3.2	4.9	6.9	5.2	6.4	9.2
2021M09	5.7	6.7	4.7	5.7	4.4	4.2	6.9	3.7	5.5	9.1
2021M10	5.2	5.9	4.0	5.5	6.0	3.8	7.1	3.8	5.5	7.7
2021M11	4.8	5.3	3.2	2.7	2.5	3.1	7.4	4.7	4.6	7.3
2021M12	3.7	4.3	3.0	0.7	-0.8	4.5	8.2	4.2	5.5	2.0
2022M01	7.9	9.1	4.7	6.1	14.1	6.1	10.8	5.4	6.2	6.7
2022M02	7.0	8.4	3.8	6.2	7.0	5.7	10.3	5.0	7.9	10.2
2022M03	7.1	8.1	4.4	7.4	6.8	5.8	11.9	12.7	6.6	8.6
2022M04	8.9	11.2	2.0	11.3	8.4	6.4	13.0	11.8	7.8	6.4
2022M05	6.1	7.5	1.7	3.8	4.4	6.0	11.0	5.2	6.7	8.7
2022M06	6.0	7.5	2.4	4.8	3.0	5.7	10.9	5.7	4.8	6.6
2022M07	6.1	7.2	3.7	5.5	7.8	5.3	9.7	4.6	6.8	6.8
2022M08	7.2	7.8	6.3	5.2	5.0	4.3	9.8	5.1	6.6	5.9

14.10.2022

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

	1st release, annual change of the original index series, %	Latest release, annual change of the original index series, %	Revision of the original index series, percentage points
A-X Whole economy	2022M01	7.3	7.3	0.0
2022M02	5.4	7.0	1.6
2022M03	7.9	8.1	0.2
2022M04	5.4	8.3	2.9
2022M05	6.7	6.4	-0.3
2022M06	6.5	6.2	-0.3
2022M07	5.6	5.6	0.0
Private sector	2022M01	8.5	8.2	-0.3
2022M02	6.8	8.4	1.6
2022M03	9.5	9.2	-0.3
2022M04	6.9	10.2	3.3
2022M05	8.3	7.9	-0.4
2022M06	8.1	7.6	-0.5
2022M07	6.5	6.7	0.2
OPQ Public sector	2022M01	4.5	5.1	0.6
2022M02	2.4	3.8	1.4
2022M03	3.0	4.4	1.4
2022M04	-0.4	1.6	2.0
2022M05	2.1	2.1	0.0
2022M06	2.4	2.4	0.0
2022M07	3.3	3.3	0.0
B-E Total industry	2022M01	5.6	5.4	-0.2
2022M02	3.5	6.2	2.7
2022M03	8.4	8.4	0.0
2022M04	5.9	10.4	4.5
2022M05	4.7	4.7	0.0
2022M06	5.2	5.2	0.0
2022M07	4.2	4.2	0.0
F Construction	2022M01	8.3	7.4	-0.9
2022M02	5.5	7.0	1.5
2022M03	8.4	7.9	-0.5
2022M04	4.7	6.8	2.1
2022M05	5.0	4.5	-0.5
2022M06	5.1	4.5	-0.6
2022M07	5.1	5.5	0.4
G Wholesale and retail trade	2022M01	5.9	5.8	-0.1
2022M02	4.4	5.7	1.3
2022M03	6.4	6.2	-0.2
2022M04	3.1	6.2	3.1
2022M05	6.5	6.1	-0.4
2022M06	6.3	5.9	-0.4
2022M07	4.8	5.0	0.2
HIJLMNRS Other service activities total	2022M01	11.6	11.2	-0.4
2022M02	9.1	10.3	1.2
2022M03	11.6	11.2	-0.4
2022M04	10.8	13.4	2.6
2022M05	11.9	11.5	-0.4
2022M06	11.3	10.9	-0.4
2022M07	9.1	9.2	0.1
K Financial and insurance activities	2022M01	5.8	5.4	-0.4
2022M02	5.3	5.0	-0.3
2022M03	10.6	12.7	2.1
2022M04	7.6	11.8	4.2
2022M05	3.9	5.2	1.3
2022M06	5.9	5.7	-0.2
2022M07	5.0	4.6	-0.4
P Education, excl. public sector	2022M01	6.2	6.1	-0.1
2022M02	6.4	7.9	1.5
2022M03	7.4	6.8	-0.6
2022M04	5.5	7.5	2.0
2022M05	8.7	7.0	-1.7
2022M06	5.1	4.9	-0.2
2022M07	6.4	6.5	0.1
Q Health and social work, excl. public sector	2022M01	6.2	6.1	-0.1
2022M02	8.6	10.2	1.6
2022M03	9.2	9.1	-0.1
2022M04	4.1	6.1	2.0
2022M05	9.4	9.3	-0.1
2022M06	7.0	6.7	-0.3
2022M07	6.0	6.1	0.1

14.10.2022

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

	Average of revision of the original index series, percentage points 1)	Average for absolute values of revision of the original index series,percentage points 2)
A-X Whole economy	0.2	0.5
Private sector	0.3	0.6
OPQ Public sector	0.1	0.4
B-E Total industry	0.6	0.7
F Construction	0.3	0.7
G Wholesale and retail trade	0.0	0.5
HIJLMNRS Other service activities total	0.1	0.6
K Financial and insurance activities	-0.2	0.8
P Education, excl. public sector	-0.3	1.0
Q Health and social work, excl. public sector	0.7	0.9