Australian Economy

Average weekly earnings take a hammering

Leith van Onselen
Thursday, 26 February 2015
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By Leith van Onselen

The Australian Bureau of Statistics (ABS) has released the Average Weekly Earnings (AWE) data for the six months to November 2014. A breakdown of the key changes is provided below:

ScreenHunter_6233 Feb. 26 12.44

According to the ABS, on a seasonally-adjusted basis, national total AWE increased by just 0.5% in the six months to November 2014, to be just 1.3% higher year-on-year.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.