Average Weekly Earnings in Australia

[Cerberus1]

The ABS recently released the results of its latest 'Average Weekly Earnings Survey'. The results are below.

The Australian Bureau of Statistics' Average Weekly Earnings survey is designed to measure the level of average earnings in Australia at a point in time.

Movements in average weekly earnings can be affected by changes in both the level of earnings per employee and in the composition of the labour force.

Factors which can contribute to compositional change include variations in the proportion of full-time, part-time, casual and junior employees; variations in the occupational distribution within and across industries; and variations in the distribution of employment between industries.

 

TREND ESTIMATES

In the twelve months to May 2017, Full-Time Adult Average Weekly Ordinary Time Earnings increased by 1.8% to $1,543.80.

The Full-Time Adult Average Weekly Total Earnings in May 2017 was $1,608.40, a rise of 2.1% from the same time last year.

 

PRIVATE AND PUBLIC SECTOR EARNINGS 

In May 2017, the Full-Time Adult Average Weekly Ordinary Time Earnings was $1,686.00 in the Public sector.

Private sector Full-Time Adult Average Weekly Ordinary Time Earnings was $1,503.90. 

Looking at Full-Time Adult Average Weekly Ordinary Time Earnings for May 2017 in more detail:

the Full-Time Adult Male Average Weekly Ordinary Time Earnings were $1,784.70 in the Public sector, and $1,607.80 in the Private sector; and

the Full-Time Adult Female Average Weekly Ordinary Time Earnings were $1,594.50 in the Public sector, and $1,298.00 in the Private sector.

 

INDUSTRY EARNINGS 

In May 2017, employees in the Mining industry had the highest Full-Time Adult Average Weekly Ordinary Time Earnings in Australia at $2,551.10.

The industry with the lowest level of Full-Time Adult Average Weekly Ordinary Time Earnings was the Accommodation and food services industry ($1,098.50).

 

STATE AND TERRITORY EARNINGS 

In May 2017, Full-Time Adult Average Weekly Ordinary Time Earnings was highest for the Australian Capital Territory and Western Australia, $1,774.10, and $1,714.70 respectively.

 

Source: http://www.abs.gov.au/ausstats/abs@.nsf/mf/6302.0?OpenDocument

[Guest263228]

While amounts will probably sound considerable to those in UK and certain other countries, it is worth noting the stagnation or low pay rises in recent times. This in turn appears to be impacting to an extent on spending. Worth remembering Australians have close to highest personal debt in the world as well. Due mostly to over valued asset prices.