Average weekly earnings fall 6 percent

Started by Ognir, April 29, 2009, 10:04:06 AM

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Ognir

http://uk.reuters.com/article/domesticN ... 5C20090429

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.
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