Average salary increase is just 2.5 per cent
THE average salary in Jersey increased by just 2.5 per cent during the last year – the second-lowest rise since 1995.
According to figures released yesterday, a full-time worker now earns an average of £650 per week, or £33,800 per year.
Although the rise is higher than the 1.1 per cent increase seen in 2009/10, it is significantly lower than the increases seen during the previous 15 years.
Economic Development Minister Alan Maclean said: 'The earnings growth rate does remain low in historic terms, but that is not unexpected given that we have a weak labour market and a challenging economic climate.'
• The weekly old-age pension for a couple will go up to £306.25 per week from October, in line with the 2.5% rise in the average earnings index.
• See Tuesday's JEP for full reports
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