Irish Wage Declines (From the Peak)

noodler

What is the best way to measure this?

I am looking at the recent (yesterday's) CSO earnings and costs release for Q2 2010.

It only goes back to Q1 2008 but I am assuming the peak was around this time:

In Q4 2008 the Average weekly wage was €720.57 and in Q1 2010 it was €690.48. An decline of about 4.2%.

Is this the best way to measure this?

Similar calculations give me a fall of 4.7% for the private sector alone between the same period.

Public is a little more tricky because the peak there is actually Q4 2009 and then we have the massive fall of 8.7% between Q4 2009 - Q1 2010.

Time Magazine

noodler wrote: »

What is the best way to measure this?

I am looking at the recent (yesterday's) CSO earnings and costs release for Q2 2010.

It only goes back to Q1 2008 but I am assuming the peak was around this time:

In Q4 2008 the Average weekly wage was €720.57 and in Q1 2010 it was €690.48. An decline of about 4.2%.

Is this the best way to measure this?

Similar calculations give me a fall of 4.7% for the private sector alone between the same period.

Public is a little more tricky because the peak there is actually Q4 2009 and then we have the massive fall of 8.7% between Q4 2009 - Q1 2010.

There's usually about a six month lag but try the QNHS.

noodler

Thanks, it doesn't do salaries of any kind though.

It is actually as up to date as the Earnings and Costs report though (Q2)

Time Magazine

Right you are. My mistake.