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1350.0 - Australian Economic Indicators, Mar 2009  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 27/02/2009   
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Contents >> Incomes & Labour Costs >> Labour Costs

LABOUR COSTS

Labour costs

Average earnings (national account basis) (dollars per week)(a)
Indexes of average unit labour costs(b)
Period
Nominal
Real(c)
Hourly labour costs index(b)(d)
Private non-farm corporate sector (real)(e)
Non-farm sector (real)(f)
Non-farm sector (nominal)(g)

Annual average

2005-06
1 008
1 042
96.3
100.8
101.3
96.9
2006-07
1 053
1 055
100.0
100.0
100.0
100.0
2007-08
1 102
1 069
103.7
99.3
99.5
103.9

Quarterly

2006-2007
September
1 029
1 041
98.9
100.5
100.1
98.7
December
1 047
1 052
98.5
98.9
99.6
98.9
March
1 057
1 056
100.3
99.9
100.1
100.4
June
1 080
1 071
102.3
100.7
100.2
101.9
2007-2008
September
1 089
1 071
103.0
101.0
100.4
102.4
December
1 094
1 065
100.9
98.0
99.4
102.0
March
1 103
1 064
104.3
99.7
100.2
104.9
June
1 122
1 074
106.6
98.6
97.9
106.1
2008-2009
September
1 141
1 080
108.8
98.3
97.4
108.2

(a) Average non-farm wages, salaries and supplements per wage and salary earner. Seasonally adjusted data.
(b) Base for index: 2006-07 = 100.0.
(c) Deflated by the Gross National Expenditure deflator.
(d) Non-farm wages, salaries and supplements, plus payroll tax less employment subsidies plus fringe benefits tax per hours worked by non-farm wage and salary earners.
(e) Ratio of derived private non-farm corporate wages, salaries and supplements plus payroll tax less employment subsidies, plus fringe benefits tax paid by the private non-farm corporate sector to derived private non-farm corporate sector gross product at factor cost plus payroll tax less employment subsidies plus fringe benefits tax.
(f) Nominal unit labour costs (see footnote (g) deflated by the derived implicity price deflator for gross non-farm product.
(g) Ratio of nominal hourly labour costs to average hourly labour productivity (real gross non-farm product per hour worked by all employed persons).
Source: Australian National Accounts: National Income, Expenditure and Product, (cat. no. 5206.0)






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