Market news
26.10.2017, 09:04

UK full-time workers weekly earnings fall 0.4 pct in inflation-adjusted terms in year to april 2017, first drop since 2014 - ONS

In April 2017, median gross weekly earnings for full-time employees in the UK were £550, up 2.2% from £539 in 2016.

The 2.2% growth seen this year is the joint highest since the economic downturn in 2008 (matching that seen in 2013 and 2016). Similarly the median gross weekly earnings for part-time employees also increased, from £177 in 2016 to £182 in 2017 (2.9%).

Adjusted for inflation, full-time workers' weekly earnings decreased by 0.4% compared with 2016. This is the first time since 2014 that there has been a fall in this measure and reflects a higher level of inflation in April 2017 (2.6%) compared with recent years, for example, in April 2016 inflation was 0.7%.

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