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Annual growth of 0.7% in average weekly earnings including bonuses

The latest average weekly earnings figures

Average weekly earnings excluding bonus payments rose by 0.8% comparing June to August 2013 with the same period a year earlier. In cash terms, average weekly earnings excluding bonus payments were £447 in August 2013, before taxes and other deductions from gross pay; this is up from £444 a year earlier.

The average weekly wage, including bonus payments, rose by 0.7% comparing June to August 2013 with the same period a year earlier. At £474 in August 2013, average weekly wages including bonus payments were slightly higher when compared with August 2012.

Private sector earnings up 1.1% on the year but public sector earnings down 0.5%

Average weekly earnings including bonus payments rose by 0.7% comparing June to August 2013 with the same period a year earlier. Average weekly earnings for the private sector increased by 1.1% but average weekly earnings for the public sector fell by 0.5%, the first time a negative growth rate has been recorded since comparable records began in 2001. Lower growth rates were recorded across a wide range of public sector employers. 

In August 2013 average weekly pay including bonus payments in the private sector was £473, lower than the public sector figure of £484. However, excluding publicly owned financial corporations, average weekly pay in the public sector was £473, the same as for the private sector.

 

Categories: Labour Market, People in Work, Earnings, Basic Pay, Weekly Earnings, Bonus Earnings
Content from the Office for National Statistics.
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