Category Archives: Average earnings

National Living Wage has only a small effect on earnings figures

The introduction of the National Living Wage (NLW) in April appears to have only had a minor effect on the latest Average Weekly Earnings (AWE) figures. The earnings data released today by the ONS are for the period to the end of April 2016 and the figures were expected to show a boost to earnings in the lowest-paid sector, that covering wholesale, retail, hotels and restaurants. However total pay growth in this large sector for the period from February to April 2016 was comparatively modest at 1.3%, up slightly on the even weaker three-month average of 1.0% for January to March. Continue reading this free article

Earnings grow at 2% but wide sectoral differences remain

Average weekly earnings continue to grow at around 2% across the economy, down from the 3% level seen last summer, but there are wide variations between the different sectors. In the latest figures released by the ONS on 18 May, strong earnings growth has continued in construction, while in the lower-paying sector of retail and hospitality, earnings growth has dropped sharply, to 1% in March. Continue reading Earnings grow at 2% but wide sectoral differences remain

Fall in City bonuses pushes average earnings growth down to 1.8%

Average weekly earnings growth in the whole economy dropped back to 1.8% in the three months to February, from 2.1% in January, but this was almost entirely caused by a substantial fall in bonuses in the finance and business services sector. Some commentators have pointed to a shift from bonuses to basic pay in this sector. Continue reading Fall in City bonuses pushes average earnings growth down to 1.8%

Average earnings growth rises but remains modest

Average weekly earnings growth across the UK economy rose marginally in January to 2.1%, according to the latest figures from the ONS (16 March). It had been falling – from 3.0% in September to 2.4% in October, to 2.1% in November and 1.9% in December – so the latest figures could indicate a recovery in wages. However the figures will have to indicate further growth before a rising trend can be said to have been established. Continue reading Average earnings growth rises but remains modest

Earnings growth weakens to 2% as economy falters

Growth in earnings looked to have slowed considerably towards the end of last year, according to the latest average weekly earnings figures from the ONS (20 January). These show that average weekly earnings rose by 2.0% across the whole economy in the year to November 2015, down from 2.4% in October and from 3.4% in the year to September. Continue reading Earnings growth weakens to 2% as economy falters

Faster pay growth in retail lifts private sector earnings

Alastair Hatchett, Visiting Fellow, University of Greenwich

Average weekly earnings grew by 3.0% in the year to August, up from 2.9% in the year to July, according to figures released by the ONS on 14 October 2015. The rate of growth in the private sector was 3.4%, compared to just 1.2% in the public sector. Continue reading Faster pay growth in retail lifts private sector earnings