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Wages in Finland sum grew by 2.8 percent year-on-year

Staff writer |
According to Statistics Finland, the wages and salaries sum of the whole economy was 2.8 percent greater in the past February to April period than in the corresponding period twelve months earlier.

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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.

In April alone, the wages and salaries sum of the whole economy grew by 4.1 percent year-on-year. In the February to April period one year ago, the wages and salaries sum contracted by 0.2 percent.

The wages and salaries sum in the private sector was 3.8 percent greater in the February to April period than in the respective time period twelve months earlier.

In the public sector, the wages and salaries grew by one percent in the latest three-month period. In April alone, the wages and salaries sum in the private sector grew by 5.9 percent and in the public sector by 1.3 percent.

In the February to April period one year ago the wages and salaries sum contracted by 0.5 percent in the public sector and by 0.2 percent in the private sector.


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