Average weekly earnings in Australia have had their greatest increase since 2009 even amid a pandemic. So where do you fall?
About 74 per cent of businesses were operating under modified working conditions, about 53 per cent reported reducing hours worked by staff and 24 per cent reported reductions in the number of employees.
Bjorn Jarvis, head of Labour Statistics at the ABS, said lower paid jobs and industries were particularly impacted by COVID-19 restrictions, accounting for a high share of jobs lost. “This fall in lower paid jobs led to an increase in average earnings for all employees because the remaining jobs had a higher earnings profile,” he said.
“In recent years, the six-monthly increase in average earnings for all employees has been around 1 per cent. The 3.8 per cent increase to mid-May highlights the extent of the major compositional change in jobs and earnings during this difficult period.” The increase in average earnings was more pronounced in the private sector, given the extent of lower paid job losses in the sector.
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