Finland -Wages and salaries sum grew by 4.8% from April to June -August 13, 2012

Statistics Finland has published updated figures on the year-on-year change in wages and salaries. The wages and salaries sum of the whole economy was 4.8% greater in the 2012 April to June period than in the corresponding period twelve months earlier. In June alone, the wages and salaries sum of the whole economy grew by 6.5% year-on-year. In the April to June period one year ago, the wages and salaries sum grew by 5.2%. Growth was fastest in construction (9.6%) and health and social work (8.6%). Most moderate growth was in private educational services (2.6%). As part of the framework agreement concluded by central labour market organisations at the end of 2011, wage and salary earners of the sectors bound by the agreement are paid a one-off item of €150 together with the first wage payment of 2012 or in connection with the first wage payment of the later starting agreement period.

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