26 August 2022
Statistics Jersey have today published the latest Index of Average Earnings and the Preliminary Income Distribution reports.
Index of Average Earnings report
The Index of Average Earnings report presents the change in the average earnings paid to full-time equivalent (FTE) employees between the two points in time, June 2021, and June 2022, and is based on an annual survey of businesses run by Statistics Jersey.
Summary:
- average weekly earnings per full-time equivalent employee (FTE) were 6.2% higher than in June 2021
- the latest annual increase in average earnings in the private sector was the highest recorded for 21 years, since 2001
- the headline rate of inflation in Jersey in June 2022 was 7.9%
- in real terms, all-sector average earnings in June 2022 were 1.6% lower than in June 2021, the largest fall since June 2011
- over the last 10 years, since 2012, all-sector average earnings have increased in real terms by 0.8%
- median average weekly earnings of full-time equivalent employees was £750 per week
- mean average weekly earnings of full-time equivalent employees was £860 per week
Read the Index of Average Earnings 2022 report
Preliminary Income Distribution report
The Preliminary Income Distribution report presents the initial findings from the 2021/2022 Living Costs and Household Income Survey.
Key themes:
- Mean and median household incomes have increased approximately in line with inflation (as measured by the Retail Prices Index) when compared with 2019/2020 and 2009/2010
- The benefits and tax system improve income inequality; housing costs almost remove this improvement. This effect of housing costs increasing income inequality has grown over the last 12 years.
- The overall proportions of households and individuals living in relative low income (RLI) are similar to those recorded in 2014/2015 and 2019/2020
- Income inequality has increased over the last decade, that is the distribution of household income has become more unequal, particularly after housing costs are included
- The 90-10 ratio of equivalised net income after housing costs, which measures the income of the 90th percentile over the income of the 10th percentile, has increased from 4.8 in 2009/2010, to 6.0 in 2014/2015, and to 7.0 in 2021/2022
- The Gini coefficient, which ranges from zero (complete equality) to one (complete inequality), has increased from 0.39 in 2009/2010, to 0.41 in 2014/2015, to 0.42 in 2021/2022
Read the Preliminary Income Distribution 2021/2022 report
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