NEWS RELEASE WAGES AND INCOME 11 MARCH 2011


Wages increased 0.7% from previous quarter
Wages increased by 0.7% on average between the 3rd and 4th quarter of 2010 according to the quarterly wage index. During the same period wages in the private sector increased by 0.8% and by 0.5% in the public sector. Wages increased by 5.0% from previous year, 6.4% 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 1.1% from previous quarter, while wages for Craft workers  and General, machine and specialized workers increased by 0.6%. Annual change ranged from 5.1% for Craft workers to 7.3 % for Professionals.

From the previous quarter, wages increased by 1.3% in the economic activity of Financial intermediation. During the same period wages in Construction decreased by 0.7%. The annual change of wage index ranged from 3.4% in Construction to 8.1% in the economic activity of Transport, storage and communication.

Wage index for the private and the public sector 2009-2010
  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

Statistics

Further Information

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

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