21/05/2009 - 12:10

WA weekly wage grows to $1,338

21/05/2009 - 12:10

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The average weekly wage in Western Australia has grown more than 6 per cent over the past year to $1,338, higher than the national average of $1,182.

WA weekly wage grows to $1,338

The average weekly wage in Western Australia has grown more than 6 per cent over the past year to $1,338, higher than the national average of $1,182.

Latest figures from the Australian Bureau of Statistics showed the average weekly full-time ordinary earnings in WA rose from $1,258.60, recorded in February 2008 to $1337.60, as recorded in February 2009.

Total weekly earnings in WA at the end of February were $1,404.70

Western Australian males earned an average weekly wage of $1,469.90 while females earned $1,070.20.

Nationally, the average weekly wage in Australia is now $1,181.60, after growing by 5.6 per cent in the year to February.

The annual rate is well above the Reserve Bank of Australia's (RBA) perceived "line in the sand" at 4.5 per cent.

Still, concerns over inflation have fallen by the wayside to some extent as the central bank tries to cushion the impact of an economic recession with interest rates at a 49-year low.

The composition of the average weekly ordinary time earnings series tends to make it volatile, which is why the Reserve Bank of Australia prefers to use the wage price index - released on Wednesday - as one of its main guides to wages growth.

That index showed a more modest pace of growth of 0.8 per cent in the three months to March, while the annual rate was 4.2 per cent.

 

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