Increase in weekly earnings for full time employees welcomed | Latest Newry News, Newry Sport and Newry Business for Newry City

Increase in weekly earnings for full time employees welcomed

Economy Minister Simon Hamilton MLA has welcomed an increase in gross weekly earnings for full-time employees.

hamilton2Commenting following the publication of the latest Annual Survey of Hours and Earnings the Minister said, “The increase in earnings for Northern Ireland employees is welcome.

“This is the second consecutive increase in earnings which exceeded the rate of inflation. It is encouraging that the rate of growth in full-time median gross earnings in Northern Ireland mirrored that in the United Kingdom.

“Ensuring that work pays is clearly very important for inclusive growth and so I am very pleased that the growth in earnings in the private sector was concentrated in lower pay occupations.

He continued, “For example those in the lowest 10% of the private sector full-time weekly earnings distribution experienced a much larger increase (5.8%) than those in the highest 10% (1.2%).

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october-2016“My vision is to transform Northern Ireland into a globally competitive economy. I want that economy to be a better economy for everyone in Northern Ireland. Over the last few weeks I have travelled to the United Arab Emirates and Chicago to promote Northern Ireland as a place very much open for business.

“Last year Invest NI supported businesses to promote 5550 jobs. This is the right direction of travel and I will do all that I can to get local people working and earning more so that everyone has the opportunity to share in the gains of growing prosperity,” Hamilton added.

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Posted by on Nov 1 2016. Filed under Politics. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

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