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Employee Earnings In The UK - 2023

2nd November 2023

Median weekly earnings for full-time employees was £682 in April 2023, which is a 6.2% increase over the £642 in April 2022; this is the highest growth since comparable records began in 1997.

In April 2023, median weekly earnings for full-time employees fell by 1.5% on the year in real terms (adjusted for inflation using Consumer Prices Index including owner occupiers' housing costs (CPIH)).

Median weekly earnings for full-time employees saw growth across all major occupational groups, particularly for lower-paying occupations (with caring, leisure and other service occupations up 9.4% and sales and customer service occupations up 9.2% compared with the previous year).

In April 2023, median weekly earnings for full-time employees increased across all sector-level industries when compared with April 2022, with the highest growth seen in the wholesale and retail trade; repair of motor vehicles and motorcycles industry (8.6%).

In April 2023, annual percentage growth in gross median weekly earnings for full-time employees was 7.7% in the private sector and 3.7% in the public sector.

Median gross annual earnings for full-time employees was £34,963 in April 2023, which is a 5.8% increase over the £33,061 in April 2022.

Read the full report HERE

 

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