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Uncategorized Boards => World News => England => Topic started by: Ognir on April 29, 2009, 10:04:06 AM

Title: Average weekly earnings fall 6 percent
Post by: Ognir on April 29, 2009, 10:04:06 AM
http://uk.reuters.com/article/domesticN ... 5C20090429 (http://uk.reuters.com/article/domesticNews/idUKTRE53S25C20090429)

LONDON (Reuters) - Average weekly earnings fell in February at their sharpest annual rate since the series began in 2001, official data showed on Wednesday.

The Office for National Statistics said average weekly earnings fell 5.8 percent in February compared with a year ago. That followed a 1.9 percent drop in January and probably reflected much lower bonuses in the financial sector.

Private sector earnings were down 7.7 percent on the year but workers in the public sector still saw their weekly earnings rise by 3.2 percent on the year.