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CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

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Friday, 19 August 2016

Earnings up in the Top End

Average earnings

The ABS Average Weekly Earnings figures revealed relatively soft growth in average male earnings over the year to May, between 1 and 2 per cent depending upon your employment status. 

Average earnings growth for females has been significantly stronger, particularly for full time employees, with +3.4 per cent year-on-year growth in ordinary time earnings, and +3.3 per cent growth in total average earnings.

Looking around the states and territories, the highest average weekly full time total earnings are still to be found in Western Australia, and the lowest in Tasmania. 

Somewhat surprisingly, the Northern Territory has seen earnings on this metric rip +6.9 per cent higher since May 2015.

Presumably this increase relates to the construction phase of the massive US$34 billion Ichthys LNG project.

Steadier growth elsewhere around the traps.