Average Earnings in the Uk
Average Earnings in the Uk
Average Earnings
Pay growth steady in year to Sept
Comparison of pay growth (including and excluding bonuses) with CPI
Average earnings including bonuses rose by 4.1 per cent in the year to September 2007, up from 3.7 per cent in August. The rise in the including bonuses rate is due to stronger growth in private sector services sectors and the public sector, only partially offset by a decrease in growth in manufacturing. Average earnings excluding bonuses, or regular pay, remained the same as the August rate of 3.7 per cent.
In the year to August, pay growth (including bonuses) in the private sector was 4.3 per cent, compared with 3.0 per cent for the public sector. Excluding bonus payments, private sector growth also stood at 3.8 per cent compared with 3.2 per cent for the public sector.
In the year to September 2007, consumer prices increased by 1.8 per cent, which is below the rate of earnings growth.
Note:
The figures quoted above are seasonally adjusted, three-month average unless otherwise stated.
Published on 14 November 2007 at 9:30 am