RTTNews - Friday, the Statistics Finland announced that the nominal earnings of wage and salary earners' increased 4.5% year-on-year in the April to June period, compared with a 4.4% growth seen in the January to March period. A year ago, wages and earnings were up 5.5%.
In the second quarter, the central government sector wage and salary earnings rose 6.5%, while it rose 4.6% in the the private sector. In the local government sector wages and earnings grew 3.2%.
At the same time, wage and salary earners' regular earnings rose by 5.1%. Wage and salary earners' regular earnings refer to earnings for regular working hours excluding performance-based bonuses and other irregularly paid one-off items.
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