Thursday, April 22, 2010

Earnings Data

After a wait of over four months since we last examined earnings data on the Irish economy, the CSO have released the latest update of the Earnings, Hours and Employment Costs Survey.  This gives updated data for Q3 2009 so there is a significant lag in how quickly the data is published.
The headline figure is that there was a small drop of 0.8% in weekly earning in Q3 2009 compared to the same period 12 months earlier.  However, it should be note that hourly pay actually increased by 1.8% with the drop in earnings driven by a fall in the weekly hours worked of 2.6%.
Average weekly earnings in the private sector fell by 2.7%, while there was an increase in average weekly earnings in the public sector of 1.9%.  Note though that these are gross earnings and the public sector figures ignore the effect of the public sector pension levy introduced in March 2009.  This levy reduced take home pay in the public sector by between 5% and 8%. 
Average Weekly Earnings
Annual Change
Quarterly Change
Industry
778.47
+0.1
-2.1
Construction
736.74
-2.4
-0.5
Retail & Wholesale
492.17
-3.2
-0.8
Transport & Storage
709.43
-6.6
-6.8
Accommodation & Food Service
352.64
+0.6
+2.9
Information & Communication
925.39
-5.3
+0.8
Financial, Insurance & Real Estate
901.02
-2.3
-3.3
Administrative & Support Services
798.52
-0.1
-1.1
Professional, Scientific & Technical
466.77
-3.8
-5.5
Public Admin & Defence
982.08
+3.0
-1.0
Education
878.10
-1.9
+1.6
Health & Social Work
759.68
+4.6
+0.8
Arts, Entertainment & Others
462.41
-8.9
-2.3

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