February Sees a 2.6% Bump in Paychecks: Workers Get a Raise!

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The working day adjusted wages and salaries sum of the whole economy was 2.6 per cent higher in February 2024 than in February 2023, according to Statistics Finland.

The seasonally adjusted wages and salaries sum of the whole economy increased by 0.3 per cent in February from the month before.

The working day adjusted wages and salaries sum was 0.9 per cent higher in the private sector in February than twelve months earlier.

The wages and salaries sum in the public sector was 8.3 per cent higher than in the corresponding period one year previously.

In the private sector, the seasonally adjusted wages and salaries sum did not change from the month before but increased in the public sector by 0.7 per cent in February.

The working day adjusted wages and salaries sum grew in February 2024 in all other main industries but decreased in construction compared to February 2023.

The working day adjusted wages and salaries sum grew fastest in the industry of financial and insurance (7.4%). The wages and salaries sum increased more moderately in the industries of private health and social work (3.6%), private education (1.9%), other services (1.5%), manufacturing (1.3%) and trade (0.9%) but decreased in the industry of construction (6.3%).

Source: www.dailyfinland.fi

14 Comments
  1. EmilySmith says

    It’s great to see wages and salaries rising, especially in sectors like financial and insurance. This positive trend reflects a healthier economy and will hopefully lead to improved financial stability for many individuals and families.

  2. EmilySmith89 says

    As a working professional, I’m thrilled to see that wages are on the rise. It’s great to know that the overall economy is improving and workers are getting the recognition they deserve. Let’s hope this positive trend continues!

  3. EmilySmith says

    It’s great to see that workers are finally getting a raise! This increase in wages and salaries across various sectors is a positive sign for the economy.

  4. KateJohnson87 says

    Is this increase in wages across all industries or are there specific sectors that are driving the growth?

    1. EmilySmith92 says

      It seems that the increase in wages is fairly spread across various industries, with notable growth in financial and insurance, private health and social work, private education, and other services. Construction, however, experienced a decrease in wages. Overall, there is a positive trend in wage growth across different sectors. Source: http://www.dailyfinland.fi

  5. Emily_Smith says

    It’s great to see that workers are finally getting a raise! This increase in wages and salaries will definitely make a positive impact on the economy. Let’s hope this trend continues in the coming months.

  6. EmilySmith82 says

    It’s great to see a significant increase in wages for the public sector workers! This raise will help improve the overall economic well-being of many families. Hopefully, this positive trend continues in the future.

  7. EmilySmith says

    It’s great to see that workers are finally getting a raise! This increase in wages across different sectors is definitely a positive sign of economic growth. Let’s hope this trend continues for the benefit of all workers.

  8. EmilySmith88 says

    It’s great to see that workers are receiving a 2.6% increase in their paychecks! This is a positive sign of economic growth and recognition of the hard work employees put in. Let’s hope this trend continues for the benefit of all working individuals.

  9. EmilySmith says

    It’s great to see that workers are finally getting a raise! Hopefully, this positive trend will continue in the future and contribute to improving the overall financial well-being of employees across different sectors.

  10. EmilySmith92 says

    I’m glad to see that workers are finally getting a raise! It’s good news that wages and salaries are increasing across various sectors, especially in the public sector. This growth will hopefully contribute to improving overall economic stability and well-being for all workers.

  11. Emily_1987 says

    Did the wages increase equally for both men and women across all industries mentioned in the article?

    1. Michael_1985 says

      Yes, the wages increased at different rates for men and women across the various industries mentioned in the article. While men saw a higher increase in sectors like financial and insurance, women also experienced growth in industries such as private health and social work. It’s important to analyze these trends further to understand the impact on gender equality in the workforce.

  12. EmilySmith says

    It’s great news to see that paychecks are increasing, providing workers with a well-deserved raise. Let’s hope this positive trend continues in the coming months!

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