Official Statistics of Finland

Labour cost index

Producer: Statistics Finland
Data:

Latest release:
Private sector cost of an hour worked increased by 1.4 per cent in April to June year-on-year
06 Sep 2019
According to Statistics Finland, private sector labour costs increased by 1.4 per cent in April to June 2019 when compared with the respective period of the year before. Seasonally adjusted labour costs went up by 0.3 per cent in April to June 2019. There were one less working day in the second quarter of 2019 than in the corresponding period of 2018. In the Labour Cost Index, a decrease in the number of working days usually has a increasing effect on costs.

Next release:
9 Dec 2019

Description: The labour cost index measures the quarterly change in average labour costs per hour worked. The statistics cover almost the whole private sector as well as the central government and local government sectors. Excluded from the statistics are agriculture, forestry and fishing. In addition to the actual labour cost index, the labour cost index includes three complementing indices: the index of wage costs, the index of social costs and the labour cost index without one-off and extraordinary cost components.
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Keywords: costs, indices, industries, labour cost index, labour costs, private sector, social security contributions, wages and salaries.
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Change: Base year of the Labour Cost Index changes
07 Jun 2019
The new base year of the Labour Cost Index is 2016.

Referencing instructions:

Official Statistics of Finland (OSF): Labour cost index [e-publication].
ISSN=1798-3746. Helsinki: Statistics Finland [referred: 14.11.2019].
Access method: http://www.stat.fi/til/tvki/index_en.html