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The Australian Bureau of Statistics (ABS) has released average weekly earnings (AWE) data for the November quarter, which like yesterday’s wage price index (WPI) is running at around half the pace of inflation.
The below table summarises the results:
And below is the time-series chart:
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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.
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