Private sector earnings overtake the public sector

Earnings growth has dropped back, according to the latest figures from the Office for National Statistics. Average weekly earnings across the whole economy grew by 2.3% in three-months to July, compared to a year ago, down from the revised figure of 2.5% for June.

In the private sector, average weekly earnings grew by 2.4% in the year to July, down from the revised figure of 2.6% for both May and June but still above the lower levels seen in the spring. Earnings growth in the public sector was 1.7% in the year to June, down from the 1.9% seen in both May and June, but also higher than seen at the start of the year. This still means that average earnings in the private sector at £505 a week are now greater than in the public sector at £499 a week, a trend that has emerged since April of this year.

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