WAGE COST INDEX AND AVERAGE WEEKLY EARNINGS
The Wage Cost Index (WCI) is a price index which measures changes over time in wage and salary costs for employee jobs, unaffected by changes in the quality and quantity of work performed. ABS also produces the Average Weekly Earnings (AWE) series. This survey can be affected by factors such as compositional shifts in the labour market and changes in the hours worked by employees. To encourage the use of the WCI, which gives a better indication of changes in wage costs, the timing of the WCI publication will be brought forward and the AWE preliminary publication (Cat. no. 6301.0) will cease. The next WCI release (Cat. no. 6345.0) is due on 16 May and the next AWE release (Cat. no. 6302.0) is due on 17 May.
This page last updated 13 September 2007