Average Weekly Earnings – pay growth improves but remains below pre-crash levels

The latest average earnings figures from the ONS show that total pay growth was 2.7% in the year to August, up from 2.6% in July and 2.4% in June. The rate is almost back to the level of 2.8% seen in the first three months of the year. In recent months lower bonuses have held back total earnings growth. However, earnings growth excluding bonuses, the regular pay measurement, is stronger. This measure rose by 3.1% in the year to August, up from 2.9% in the year to July and 2.7% in the year to June.

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