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Information and public services for the Island of Jersey

L'înformâtion et les sèrvices publyis pouor I'Île dé Jèrri

Average Earnings Report for June 2024 published

23 August 2024

​​Statistics Jersey have today published the Index of Average Earnings report for June 2024. 

The Index of Average Earnings in Jersey measures the annual change in average earnings (gross wages and salaries) that have occurred and been paid to workers in Jersey. It includes overtime payments, but excludes bonuses, employers’ insurance contributions, holiday pay and benefits in kind (e.g. free accommodation or meals). The 2024 Index measures changes in average earnings paid between June 2023 and June 2024, on a full-time equivalent (FTE) basis.

The index is determined from earnings data collected from a large representative survey of firms in the private sector and from all Government of Jersey departments. This was the second year in which the survey was compulsory for businesses to complete under the provisions contained within the Statistics and Census (Jersey) Law 2018. ​

Summary

In June 2024:
  • average earnings per full-time equivalent employee (FTE) were 6.4% higher than in June 2023
  • after adjusting for inflation (the headline rate of inflation in Jersey in June 2024 was 5.0%), average earnings increased in real terms by 1.3%
  • over the last 10 years, average earnings have decreased in real terms by 2.4% 
  • over the last 12 months:
    • average earnings in the private sector increased by 5.9% in nominal terms (before adjusting for inflation) and in real terms increased by 0.9%
    • average earnings in the public sector increased by 8.8% in nominal terms and in real terms increased by 3.6%
  • on a sectoral basis:
    • the agriculture and fishing sector was the only sector to record a decrease in average earnings (decreased 2.7% on an annual basis); this was driven by average working hours in the sector reducing by a greater proportion than the increase in the minimum wage (10.9%)
    • the public sector saw the highest annual increase, up 8.8% on an annual basis; this was driven by an 8.0% headline pay award in the public sector as well as nurses and teachers receiving delayed pay awards from 2023
  • median average earnings of full-time equivalent employees was £850 per week 
  • mean average earnings of full-time equivalent employees was £1,000 per week
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