24 August 2018
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.
In June 2018:
- average weekly earnings in Jersey were 3.5% higher than in June 2017
- the latest annual increase was 0.9 percentage points greater than that of the previous twelve-month period (2.6% to June 2017) and the highest seen since June 2008
- private sector earnings increased by 3.6% and public sector earnings increased by 3.1% over the twelve months to June 2018
- adjusting for inflation, all-sector average earnings decreased in real terms for the first time in six years
- all-sector average earnings were 0.9% lower in real terms than in June 2017:
- average earnings in the private sector were 0.8% lower
- average earnings in the public sector were 1.3% lower
- over the last 10 years, earnings have been essentially flat in real terms, increasing by 0.4% since 2008
- median average weekly earnings of full-time equivalent (FTE) employees was £590 per week
- mean average weekly earnings of full-time equivalent employees was £740 per week
Index of Average Earnings report for June 2018