Fed:Average weekly wage rises to $1196

AAP General News (Australia)
08-13-2009
Fed:Average weekly wage rises to $1196

The average weekly wage in Australia is now one thousand 196 dollars 50 .. after surging
by 6.1 per cent in the year to May.

The strength of the rise is a surprise .. given the effect of the economic downturn
on the labour market .. and puts the annual rate well above the Reserve Bank's preferred
cap of 4.5 per cent.

However the RBA prefers to use the wage price index .. released yesterday .. as a strong
guide to wages growth.

That index showed a more subdued annual wage rise of 3.8 per cent.

AAP RTV cb/rl/rt

KEYWORD: WAGES (CANBERRA)

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