NEWS RELEASE WAGES AND INCOME 10 JUNE 2011


Wages increased 0.5% from previous quarter
Wages increased by 0.5% on average between the 4th and 1st quarter of 2011 according to the quarterly wage index. During the same period wages in the private sector increased by 0.6% and by 0.2% in the public sector. Wages increased by 4.5% from previous year, 5.6% in the private sector and 1.9% in the public sector.

Wages in the private sector by occupational group and economic activity
Wages for Professionals increased by 1.5% from previous quarter, while wages for Craft workers and Service workers increased by 0.1%. Annual change ranged from 4.2% for Craft workers to 7.6 % for Professionals.

From the previous quarter, wages increased by 1.5% in the economic activity of Financial intermediation. During the same period wages in Construction increased by 0.3%. The annual change of wage index ranged from 2.5% in Construction to 8.5% in the economic activity of Financial intermediation.

Wage index for the private and the public sector 2009-2011
Total Private sector Public sector
Change from Change from Change from Change from Change from Change from
previous  previous previous  previous previous  previous
  quarter, % year, % quarter, % year, % quarter, % year, %
2009
1st quarter 0.8 6.2 0.3 4.1 1.8 11.3
2nd quarter 0.2 3.6 0.2 1.2 0.0 9.5
3rd quarter 0.7 2.1 0.8 0.8 0.4 4.9
4th quarter 1.6 3.2 1.9 3.4 0,8 3.0
Annual average . 3.8 . 2.4 . 7.1
2010
1st quarter 1.0 3.5 1.3 4.4 0.3 1.4
2nd quarter 1.2 4.6 1.5 5.7 0.4 1.9
3rd quarter 2.0 6,0 2.6 7.6 0.7 2.2
4th quarter 0.7 5.0 0.8 6,4 0.5 1.9
Annual average . 4.7 . 6.0 . 1.9
2011
1st quarter 0.5 4.5 0.6 5.6 0.2 1.9

Statistics

Further Information

For further information please contact 528 1100 , email upplysingar@hagstofa.is

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