Sunday, August 30, 2026
22.6 C
New York

Jersey earnings rise by 1.2% after inflation


Average earnings in Jersey did not keep up with the rate of inflation for the year to June, according to new figures.

Statistics Jersey said in June 2026 earnings per full-time equivalent employee was 4.1% higher than in June 2025.

However, once adjusted for inflation – currently at 2.8% for the island, external – Statistics Jersey said earnings rose by 1.2%, representing a real-terms pay cut.

The Index of Average Earnings June 2026 report, external said the overall increase was lower than the preceding five-year annual average of 5.6% per year and “slightly lower” than the long-term annual average of 4.2% per year for 1991 to 2025.

It also highlighted average earnings in real terms increased by 0.9% in the private sector and 2.9% in the public sector over 12 years.

However, it said, over 25 years, average earnings in real terms in the public sector decreased by 3% while they increased by 1.2% in the private sector.



Source link

Hot this week

Trump hails ‘historic’ deal for US to control 65bn barrels of Venezuela’s oil

The deal is much more likely to have...

Do You Know Your Risk Tolerance?

Some of you may not know that I...

Final: Consumer sentiment fell in August

The University of Michigan Consumer Sentiment Index decreased...

States That Will Pay You to Move There in 2025

Key Takeaways Places across the U.S. are offering incentives...

Latest Post

Demo

Related Articles

Popular Categories

Demo