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Mr. Michael Foster
To ask the Chancellor of the Exchequer pursuant to his answer of 16 December 2002, Official Report, columns 606—7W, on average earnings, how much more reliable the new earnings survey figures are for (a) the West Midlands region and (b) Herefordshire and Worcestershire than the figures for Worcestershire. [109355]
Mr. Raynsford
I have been asked to reply.The reliability of average earnings estimates can be gauged by looking at the coefficient of variation for that estimate. That is the standard error of the average, expressed as a percentage of the average. The smaller the coefficient of variation, the better the estimate. For the areas stated above the average weekly wage and coefficient of variation are as follows:
Area | Average GrossWeeklyEarnings (£)1 | Coefficient ofvariation (%) |
West Midlands Government Officeregion | 427.30 | 0.9 |
Hereford and Worcester ACA area | 395.13 | 1.6 |
Worcestershire | 400.5 | 1.9 |
Hereford UA | 375.7 | 3.0 |
1 New Earnings Survey, April 2002, Full-time employees on adult rates whose pay for the survey period was unaffected by absence. |