Median earnings lower today than six years ago!

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By Leith van Onselen

The ABS yesterday released its annual Characteristics of Employment report, which revealed that median weekly earnings grew by a strong 5.4% in the year to August 2018, with full-time earnings growing by 4.7%:

As at August 2018, median weekly earnings were $1,066 ($55,432 per year), whereas median full-time weekly earnings were $1,320 ($68,640 per 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.