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Average weekly earnings up 2.3% in 2014 - CSO

Both average hourly earnings and the average number of hours worked per week rose last year
Both average hourly earnings and the average number of hours worked per week rose last year

Average weekly earnings rose by 2.3% last year, according to preliminary estimates from the Central Statistics Office.

The average stood at €704.34 by the end of December 2014, according to the figures, compared to €688.78 in the same period of 2013.

The amount earned per hour was 1.7% higher at €22.11 by the end of last year, according to the CSO, while the average number of paid hours worked per week rose 0.6% to 31.9.

During the year the financial, insurance and real estate sectors saw the biggest increase in average weekly earnings, up 9.6% to €1,069.56.

People in the professional, scientific and technical sectors saw the biggest annual decline, meanwhile, down 3.6% to €787.51.

Over a four year period, however, those in the information and communications sector have enjoyed the largest increase in average weekly earnings – up 10% to €1,048.61.

The human health and social work sector have seen the sharpest decline in average weekly earnings since the end of 2010, meanwhile, down 6.3% to €672.53.