Index of Average Earnings report 2014
Produced by the
Statistics Jersey (Strategic Policy, Planning and Performance)
Authored by
Statistics Unit
and published on
20 Aug 2014
Prepared internally, no external cost
Summary
The Index of Average Earnings measures changes in earnings (gross wages and salaries, excluding bonuses) paid to employees. The data is collected for a large representative sample of firms in the private sector, covering nearly two-thirds of Jersey’s working population as well as all States of Jersey departments.
Care is needed in comparisons between the private and public sectors due to the presence of some two year pay deals in the public sector in previous years.
In June 2014:
- the average weekly earnings of workers in Jersey was 2.6% higher than in June 2013
- the latest annual increase is 0.4 percentage points higher than that of the previous twelve-month period (2.2% to June 2013)
- average earnings in the private sector increased by 2.2% over the 12 months to June 2014
- increases in private sector earnings ranged from 1.3% in construction to 4.5% in agriculture
- earnings in the finance sector (excluding bonuses) rose by 2.4% on average
- average earnings in the public sector increased by 4.7% over the latest 12 months. This increase was predominantly due to a scheduled pay award for the majority of employees as well as retrospective pay awards for some groups
- over the latest three years, covering the three year pay deal implemented by the public sector, average earnings have increased by similar amounts in the public and private sectors (by 6.3% and 6.4% respectively)
- the mean average weekly earnings of full-time equivalent employees (FTE) in Jersey in June 2014 was £670 per week
- the median average weekly earnings of full-time equivalent employees (FTE) in Jersey in June 2014 was estimated as £550 per week
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