AVERAGE annual earnings in Jersey have increased by 4.3 per cent to £31,200 in the past year, according to official figures.
But the increase is 0.4 per cent lower than in the previous 12 months, and the gap between pay rises and the increasing cost of living in Jersey has narrowed.
The figures, released yesterday by the States Statistics Unit, shows that average weekly earnings have increased from £580 per week in June last year to £600 per week this year.
But the increase in earnings was just 0.2 per cent higher than the RPI, which measures the rate of inflation, compared to 1.2 per cent higher in the previous year.
Dr Duncan Gibaut, pictured, head of the States Statistics Unit, said: ‘These figures are a reflection of a buoyant economy over the last few years – we have seen an increase in employment and earnings and strong growth in the economy.
‘The increase in average earnings is slightly lower than the increase in the year before, but it is in line with the average 4.2 per cent increase of the last five years.’
