Definition
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What is this about?
This indicator tracks the change in average earnings in Jersey's agriculture sector over time, taking into account the effect of inflation. It is presented as an index set at 100 in 2013 so that the change in the real value of earnings can be compared by allowing for inflation. The 2020 figures should be seen in the context of the impact of the Covid-19 pandemic on the sector and inflation.
Average earnings in agriculture fell by 11.9% on an annual basis; a fall of this scale was last seen in June 2011 (-10.0%). A rise in the minimum wage was more than offset by a large decrease in hours worked in June 2020 compared to June 2019. Given the increase in inflation, the net effect on real terms average earnings across the sector was a decrease of nearly 13%.