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 | | | | | | |
| December | 1 046 | 1 052 | 98.5 | 98.9 | 99.6 | 98.9 |
| March | 1 057 | 1 055 | 100.3 | 99.9 | 100.1 | 100.4 |
| June | 1 080 | 1 071 | 102.3 | 100.7 | 100.2 | 101.9 |
2007-2008 | | | | | | |
| September | 1 091 | 1 072 | 103.0 | 101.0 | 100.4 | 102.4 |
| December | 1 092 | 1 064 | 100.9 | 98.0 | 99.4 | 102.0 |
| March | 1 103 | 1 064 | 104.3 | 99.7 | 100.3 | 104.9 |
| June | 1 122 | 1 074 | 106.7 | 98.6 | 98.0 | 106.0 |
2008-2009 | | | | | | |
| September | 1 146 | 1 083 | 109.2 | 98.4 | 97.7 | 108.5 |
| December | 1 155 | 1 084 | 107.4 | 97.9 | 99.6 | 109.2 |
|
(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) |