Index of Average Earnings Report for June 2019

Produced by the Statistics Jersey (Strategic Policy, Planning and Performance)
Authored by Statistics Jersey and published on 23 Aug 2019
Prepared internally, no external cost

Summary

The Index of Average Earnings measures changes in earnings (gross wages and salaries, excluding bonuses) paid to workers.

The data is collected for a large representative sample of firms in the private sector, as well as all States of Jersey employees, and covers around half of workers in Jersey.

Summary - in June 2019

Change in average earnings

• average weekly earnings  in Jersey were 2.6% higher than in June 2018
• the latest annual increase was 0.9 percentage points lower than that of the previous twelve-month period (3.5% to June 2018) 
• over the twelve months to June 2019
• average earnings in the private sector increased by 2.3% 
• average earnings in the public sector increased by 4.8%

In real terms, adjusting for inflation

• all-sector average earnings were 0.2% lower in real terms than in June 2018, representing the second consecutive twelve-month period that average earnings have decreased in real terms:
• average earnings in the private sector were 0.5% lower in real terms than in June 2018
• average earnings in the public sector were 1.9% higher in real terms than in June 2018
• over the last 10 years, since 2009, all-sector average earnings have decreased in real terms by 3.0% 

Level of average earnings

• median average weekly earnings of full-time equivalent  (FTE) employees was £610 per week 
• mean average weekly earnings of full-time equivalent employees was £770 per week

Sectoral 

• hotels, restaurants and bars saw the highest annual rate of increase (4.9%), the greatest increase recorded by this sector for more than 10 years
• the increase recorded by the public sector (4.8%) was the highest seen by this sector for more than 10 years and was driven by the timing of the implementation of 2018 and 2019 pay awards
• the lowest increase in average earnings was recorded by transport, storage & communications (1.2%)
• average earnings (excluding bonuses) in the financial services sector rose by 1.8%, representing the lowest annual increase recorded by this sector since 2010
• mean average weekly earnings (excluding bonuses) of full-time equivalent employees ranged from £460 per week in hotels, restaurant and bars to £1,050 per week in financial services 

Index of Average Earnings Report for June 2019