Statistics Jersey have today published the Index of Average Earnings report for June 2021.
This report presents the change in the average earnings paid to full-time equivalent (FTE) employees between the two points in time, June 2020, and June 2021, and is based on an annual survey of businesses run by Statistics Jersey. Part-way through the first reference period, on 12 June 2020, Jersey moved to Level 2 of the Government’s Safe Exit Framework, whereby most businesses were permitted to open and trading restrictions were eased. Different government restrictions applied during the second reference period.
Pay estimates are based on employees who received wages and salaries in June 2020 and June 2021 (or the last week of June for weekly-paid employees) and include those who did not work but were still paid and those whose wages were partially refunded to businesses through the Government Co-Funded Payroll Scheme.
Summary - in June 2021
Change in average earnings
- average weekly earnings per full-time equivalent employee (FTE) were 3.3% higher than in June 2020
- the latest annual increase was 2.2 percentage points higher than that of the previous twelve-month period (1.1% to June 2020) and was the highest annual change recorded since June 2018
- over the twelve months to June 2020:
- average earnings in the private sector increased by 3.9%
- average earnings in the public sector increased by 0.1%
- the latest annual increase in average earnings in the private sector was the highest recorded for 13 years, since 2008
- within the private sector:
- a decrease in average earnings was recorded by the agriculture sector, down by 1% on an annual basis
- the hotels, restaurants and bars sector saw the highest rate of annual increase, up 15.7% on an annual basis; this increase should be viewed in the context of the June 2020 figure being 10.2% lower than June 2019, which will have been influenced by the events of the COVID-19 pandemic
- for the other private sector industries, annual changes in earnings ranged between increases of 1.1% and 7.0%
Real-term change in earnings (adjusting for inflation)
- the headline rate of inflation in Jersey in June 2021 was 3.5%
- in real terms, all-sector average earnings in June 2021 were 0.2% lower than in June 2020
- average earnings in the private sector were 0.4% higher in real terms than in June 2020
- average earnings in the public sector were 3.2% lower in real terms than in June 2020
- over the last 10 years, since 2011, all-sector average earnings have increased in real terms by 0.9%
Level of average earnings
- median average weekly earnings of full-time equivalent (FTE) employees was £630 per week
- mean average weekly earnings of full-time equivalent employees was £820 per week