HELSINKI: The wages and salaries sum of the whole economy was 2.5 per cent greater in the past February to April period than in the corresponding period twelve months earlier, according to Statistics Finland. In April alone, the wages and salaries sum of the whole economy grew by 2.5 per cent from one year ago. One year previously in February to April the wages and salaries sum of the whole economy increased by 1.9 per cent.
In February to April, the wages and salaries sum grew fastest in private health and social work, where the growth amounted to 9.1 per cent from one year ago. The wages and salaries sums of construction (8.5 %), other services (4.4 %), financial intermediation (3.6 %) and trade (2.9 %) also grew. The wages and salaries sum of manufacturing (-1.1 %) and private education (-1.0 %) declined from the respective time period twelve months earlier.
The wages and salaries sum in the private sector was 3.5 per cent greater in February to April than in the respective time period twelve months earlier. In the public sector, the wages and salaries sum increased by 0.4 per cent in the latest three-month period from twelve months back. In April alone, the wages and salaries sum in the private sector increased by 3.6 per cent from one year earlier. In April, the wages and salaries sum in the public sector increased by 0.2 per cent from one year earlier. In the February to April period one year ago, the wages and salaries sum increased by 0.4 per cent in the public sector and by 3.1 per cent in the private sector.
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.
