You are using an older browser version. Please use a supported version for the best MSN experience.

Average weekly earnings inch higher

AAP logoAAP 18/08/2016 Garry Shilson-Josling, Economist

No, it's not your imagination - wages really are growing slowly.

Average weekly ordinary time earnings (AWOTE) for adult full-time workers rose 2.2 per cent over the year to May, according to estimates from the Australian Bureau of Statistics.

The annual rise was barely half the 4.2 per cent average for the prior 20 years.

The figures confirmed an alternative measure of wages released on Wednesday, the wage price index, which remained at a record low annual growth rate of 2.1 per cent in the year to June.

The latest modest rise took average weekly ordinary time earnings (AWOTE) for adult full-time workers to $1,516.00.

AWOTE in May was $1,353.70 for women, while the same measure for men was 19 per cent higher at $1,613.50, the seasonally adjusted figures show.

Total earnings including overtime for full-time adult workers averaged $1575.90 - $1,371.30 for women and $1,696.70 for men, a difference of 24 per cent.

The gap was only partially explained by a variation in hours worked in full time jobs, which the bureau defines as 35 hours or more per week.

In May, female workers in full-time jobs clocked up just over 159 and a half hours while male full-time workers put in 9.7 per cent more, just over 175 hours.

image beaconimage beaconimage beacon