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Following Wednesday’s wage growth data, which revealed further weakness:
The ABS yesterday released average weekly earnings data for the six months to November 2019. A breakdown of the key changes are provided below:
According to the ABS, on a seasonally-adjusted basis, national total AWE increased by 1.5% in the six months to November 2019 and by 2.6% 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.