Alastair Hatchett | 15 Jul 2021

Annual rate of earnings growth hits 7.3% across the economy

The annual rate of growth in average earnings was 7.3% in the three months to May 2021, compared to the three months to May 2020 on the total pay measure. It was 6.6% on the regular pay measure, which excludes bonuses. The annual rate of growth has been affected by the drop in earnings growth in the Spring of 2020, when earnings were badly affected by the coronavirus pandemic. The lower ‘base’ for Spring 2020 means this year’s figures are currently boosted to a higher average.

Want to continue reading?

Sign in to continue or subscribe