[adning id=”12070″]

[adning id=”12070″]

Average weekly full-time earnings are increasing…but only slowly

Average weekly ordinary time earnings for full-time adults was $1,770 in May 2022, up 1.9 per cent ($33) over the year, according to new seasonally adjusted figures released today by the Australian Bureau of Statistics (ABS).

Bjorn Jarvis, head of labour statistics at the ABS, said: “The recent annual increase in full-time earnings of 1.9 per cent was higher than it was last May (1.4 per cent), but lower than in November 2021 (2.1 per cent) and also lower than the 2.6 per cent for the Wage Price Index, released yesterday.”

The latest average earnings data follows a six month period of considerable compositional change in the labour market, with relatively strong average monthly employment growth of around 46,000 people.

“Over the past six months there has been increasing employment, including full-time employment, in some lower paying industries, such as Accommodation and food services, placing some downward influence on changes in average earnings,” said Mr Jarvis.

“May also follows a period of reasonably strong growth in employment for women and for younger workers, who have tended to have lower average full-time earnings.”

SBW24
SUV_Expo_2024_Meblbourne

Over those six months to May 2022, average weekly ordinary time earnings for full-time men rose by 1.4 per cent (to $1,873), which was higher than for women (up 1.1 per cent to $1,609). However, over the year the increase was higher for women (2.1 per cent) than men (2.0 per cent).

“The gap in the headline measure of average weekly full-time earnings for men and women increased slightly from 13.8 per cent in November 2021 to 14.1 per cent in May 2022, although remained below the 14.2 per cent from May 2021,” Mr Jarvis said.

Average weekly ordinary time earnings for full-time workers continued to be highest in the Australian Capital Territory ($1,988) and Western Australia ($1,937) and remained lowest in Tasmania ($1,568) and South Australia ($1,624).

Workers in the Mining industry remained the highest paid on average, at $2,701 per week for full-time workers, followed by those in Information media and telecommunications, at $2,236, and Financial and insurance services ($2,148).

The lowest paid full-time workers on average were in the Accommodation and food services ($1,220) and Retail trade ($1,327) industries.

The release also includes earnings for all employees (full-time and part-time), which showed that average earnings for all male employees increased by 2.0 per cent over the year (to $1,587) and for all female employees by 4.3 per cent (to $1,116).

“Given women are much more likely to work part-time than men, there continues to be a larger gap in earnings for all employees, than for full-time employees, of around 29.7 per cent,” Mr Jarvis said.

Facebook
Twitter
LinkedIn
Email
Print

Leave a Reply

Your email address will not be published. Required fields are marked *

SUBSCRIBE FREE
SME NEWS BRIEFS

Get breaking news delivered
This field is for validation purposes and should be left unchanged.

RECEIVE GOVT GRANT OF $10K to $250K*.

Austrade Approved Business Events
AVAILABLE NOW APPLY BEFORE 30th MARCH 2021 (Condition apply)

  • ABF Events are approved and listed below have been certified by Austrade on the Schedule of Approved Business Events.
  • This allows exhibitors, sponsors, delegates and partners to participate in the Business Events Grant Program. Note event bookings need to be confirmed ASAP to participate in the grant program
  • The program provides 50% rebate (based on a minimum spend of $20k) for approved items including ABF event-media packages, exhibition stands, corporate function tables, delegate registrations.
  • Govt Grant applications are now open until the 30 March. Please contact ABF to discuss how we can assist, we have experts to assist grant applications.
  • Grant funding will cover up to 50% of eligible expenditure incurred in participating at pre-approved business-to-business events as buyers or sellers during the 2021 calendar year.  All grant applications must be submitted for approval via the following link: https://business.gov.au/grants-and-programs/business-events-grants
  • For further information please see this fact sheet.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?