Wages, salaries grow by 5.4% in Sep-Nov

The wages and salaries sum of the whole economy was 5.4 per cent greater in the September to November period than in the corresponding period twelve months earlier, according to Statistics Finland.

In November, the wages and salaries sum of the whole economy grew by 5.5 per cent from the year before.

One year previously in September to November, the wages and salaries sum of the whole economy increased by 0.2 per cent.

The wages and salaries sum grew in September to November in all main industries. The wages and salaries sum grew fastest in the industries of private health and social work (8.1%), other services (7.5%), private education (5.3%), construction (4.8%) and manufacturing (4.7%). The increase in the wages and salaries sum was most moderate in trade (3.9%) and financial intermediation (4.2%).

The wages and salaries sum in the private sector was 6.3 per cent greater in September to November than twelve months earlier.

The wages and salaries sum of the public sector was 4.1 per cent higher than in the corresponding period one year previously. In November, the wages and salaries sum in the private sector increased by 6.3 per cent and in the public sector by 3.7 per cent from one year earlier.

In the September to November period one year ago, the wages and salaries sum fell by 0.4 per cent in the private sector and grew by 2.8 per cent in the public sector from the year before.