AEI whole economy growth, year on year growth of the RPI (all items) and derived real earnings growth
• In September 2005, the rate of growth of average earnings over the past year (the Average Earnings Index) was 4.1 per cent.
• Public sector earnings showed a growth rate of 4.2 per cent in the year to 2005, compared with figures for the private sector of 4.0 per cent.
• The median gross weekly pay for full-time employees in the UK grew to £431 in 2005. Median gross hourly earnings of full-time adults grew to £10.79 in 2005, up by 3.2 per cent on 2004.
• Differences still exist in the distribution of earning by gender. In 2005 females earned on average 87 per cent as much as males, compared with 85.5 per cent in 2004, narrowing the gender pay gap to its lowest levels since comparable estimates began in 1998.
• The 'electricity gas and water supply' industry had the highest median pay in 2005 (£542.60), while the 'hotels and restaurants' industry had the lowest (£271.30).
• The number of jobs paid below the National Minimum Wage in the UK was estimated to be 327,000, representing 1.3 per cent of all jobs in the labour market.
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Economic & Labour Market Review (ELMR) – February 2009