Published: 8 June 2012
In the private sector labour costs increased by 2.0 per cent in January to March 2012 when compared with the respective period of the year before. Labour costs excluding one-off items, such as performance-based bonuses, rose by 2.6 per cent compared with the respective period of the year before. In the corresponding period the index of wage and salary earnings rose by 3.6 per cent in the private sector. In the central government sector labour costs grew by 4.7 per cent in January to March.
As the time series according to the new method is available only since the beginning of 2007, it has not been possible to adjust seasonally the index data. The timing of so-called moving mid-week holidays, such as Easter and Epiphany, affects the comparability of data concerning the first, second and fourth quarters. Statistics Finland publishes seasonally and working-day adjusted series when there are enough observations to calculate reliable results. There were one mid-week holiday in the first quarter of 2012,as in the year before.
Calculated by industry, the cost of an hour worked in industry increased by 2.9 per cent in January to March 2012 when compared with the respective period of the year before. The cost of an hour worked increased in the metal industry, by 5.0 per cent and in construction by 2.3 per cent in January to March 2012 when compared with the respective period of the year before. In the business services sector the rise amounted to 1.3 per cent.
Annual changes in labour costs in all industries, industry, construction and services according to Standard Industrial Classification 2008
excluding one-off items
|G-N||Business service sector||1,3||2,0|
Source: Wages, Salaries and Labour Costs, Statistics Finland
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Director in charge: Kari Molnar
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