Full-time earnings return to solid growth

Original article by David Marin-Guzman
The Australian Financial Review – Page: 4 : 16-Aug-19

The Australian Bureau of Statistics reported on 15 August that full-time employees are earning an average of $1634.80 a week for ordinary time work. This represents an increase of 3.1 per cent for the year to May, and compares to an increase of 2.7 per cent for the previous year. Professor Mark Wooden from Melbourne University noted that with the CPI at 1.5 per cent, weekly earnings are well above inflation. By way of contrast to the average earnings data, the wage price index (WPI) has remained at 2.3 per cent for the first half of 2019.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s