6345.0 - Labour Price Index, Australia, Jun 2008 Quality Declaration
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 13/08/2008
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PRICE INDEXES AND CONTRACT PRICE INDEXATION
JUNE KEY POINTS
TOTAL HOURLY RATES OF PAY EXCLUDING BONUSES
QUARTERLY CHANGE (MAR QTR 2008 TO JUN QTR 2008)
ANNUAL CHANGE (JUN QTR 2007 TO JUN QTR 2008)
CHANGES IN THIS ISSUE
The trend series has been reinstated in this issue following its suspension in the September quarter 2006 edition of the Labour Price Index, Australia. Trend estimates are normally subject to revision as extra quarters are included in the series analysed. From the June quarter 2008 edition of this publication, seasonally adjusted estimates will be derived using autoregressive integrated moving average (ARIMA) modelling in place of the concurrent seasonal analysis methodology previously used. Adoption of ARIMA modelling will reduce the extent of revisions to the seasonally adjusted and trend estimates. For more information on the details of ARIMA modelling, see feature article: 'Use of ARIMA modelling to reduce revisions' in the October 2004 issue of Australian Economic Indicators (cat. no. 1350.0).
Seasonally adjusted and trend estimates can be found in Table 1 of this publication for recent quarters. Estimates for the period from September quarter 1997 to date can be found on the ABS website in Time Series Spreadsheets Table 1.
CHANGES IN FUTURE ISSUES
The wage price indexes for occupation groups will be discontinued after the release of the September quarter 2008 figures. This data appears in Tables 7 and 8 of this publication and in electronic Tables 7a and 7b on the ABS website. Users of this data who are interested in discussing what other wage price index data are available, can contact David Taylor on (08) 9360 5151 or email email@example.com.
ABS DATA AVAILABLE ON REQUEST
Original indexes are compiled for various combinations of state/territory, sector, broad industry group and broad occupation group. Seasonally adjusted and trend indexes are compiled only for total hourly rates of pay excluding bonuses for each of the private sector, public sector and all sectors. Indexes not included in this publication may be made available on request by telephoning David Taylor on Perth (08) 9360 5151.
More detailed information on the Labour Price Index (LPI) is available in Labour Price Index: Concepts, Sources and Methods, Australia (cat. no. 6351.0.55.001).
For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or David Taylor on Perth (08) 9360 5151.
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