Real-Terms Earnings Down 1.6%

Real-terms earnings in Jersey have fallen by 1.6% in the year to June. That's the biggest drop in more than a decade.

Since 2012, average earnings have increased in real terms by 0.8%.

Average weekly earnings are 6.2% higher than last year, the highest recorded since 2001, but the headline rate of inflation in June was 7.9%.

That means real-term earnings went down by 1.6%.

The mean average wage is £860 a week.

Public sector workers have seen an average increase of 3.1% in their pay. That compares to a 6.7% increase for those in the private sector, the largest rise in 21 years.

The agriculture sector has seen the biggest yearly rise - at 21%. Statistics Jersey says the big increase in the number of hours worked and the minimum wage rise has contributed to that.

Hospitality staff earned the least, averaging £550 a week, while the financial services industry paid its workers the most - averaging £1,170 a week.