Wage, salary inch up by 1.8% in Q3

The index of wage and salary earnings, which measures the rise in the nominal earnings of full-time wage and salary earners, rose by 1.8 per cent in July to September 2020 compared with that in the respective period of 2019, according to the Statistics Finland.

Real earnings rose by 1.5 per cent compared to that in the third quarter of the previous year because the rise in earnings level was faster than that in consumer prices.

Wages and salaries in the local government and central government sectors were raised by a general increase in August 2020

The nominal earnings of full-time wage and salary earners rose from July to September 2019 to the corresponding period in 2020 by 1.8 per cent in the private sector, by 1.8 per cent in the central government sector, and by 1.9 per cent in the local government sector.

The figure examines the development of the index of wage and salary earnings in 2015 to 2020. The examination includes the private sector, central government, and local government and ends in the latest published quarter, that is, the third quarter of 2020.