Labour Costs |
|  |
| | Average earnings (national account basis) (dollars per week)(a) | | Indexes of average unit labour costs(b) | |
| Period | Nominal | Real(c) | Hourly labour costs index(b)(d) | Private non-farm corporate sector (real)(e) | Non-farm sector (real)(f) | Non-farm sector (nominal)(g) | |
Annual average | |
| |
| 2005-06 | 1 008 | 1 008 | 100.0 | 100.0 | 100.0 | 100.0 | |
| 2006-07 | 1 050 | 1 020 | 103.5 | 98.9 | 98.6 | 103.1 | |
| 2007-08 | 1 099 | 1 037 | 107.3 | 98.4 | 98.2 | 107.0 | |
Quarterly | |
| |
| 2005-2006 | | | | | | | |
| June | 1 022 | 1 012 | 102.1 | 99.8 | 99.2 | 101.5 | |
| 2006-2007 | | | | | | | |
| September | 1 027 | 1 004 | 102.6 | 99.4 | 98.6 | 102.0 | |
| December | 1 044 | 1 016 | 102.0 | 97.9 | 98.2 | 102.1 | |
| March | 1 054 | 1 021 | 103.7 | 98.7 | 98.7 | 103.5 | |
| June | 1 076 | 1 038 | 105.7 | 99.7 | 98.9 | 104.9 | |
| 2007-2008 | | | | | | | |
| September | 1 088 | 1 039 | 106.4 | 99.9 | 99.0 | 105.6 | |
| December | 1 092 | 1 033 | 104.4 | 97.3 | 98.3 | 104.9 | |
| March | 1 100 | 1 033 | 107.9 | 98.8 | 99.0 | 108.1 | |
| June | 1 118 | 1 045 | 110.3 | 97.5 | 96.5 | 109.4 | |
| |
| (a) Average non-farm wages, salaries and supplements per wage and salary earner. Seasonally adjusted data. |
| (b) Base for index: 2005-06 = 100.0. |
| (c) Deflated by the Gross National Expenditure deflator. |
| (d) Non-farm wages, salaries and supplements, plus payroll tax less employment subsidies plus fringe benefits tax per hours worked by non-farm wage and salary earners. |
| (e) Ratio of derived private non-farm corporate wages, salaries and supplements plus payroll tax less employment subsidies, plus fringe benefits tax paid by the private non-farm corporate sector to derived private non-farm corporate sector gross product at factor cost plus payroll tax less employment subsidies plus fringe benefits tax. |
| (f) Nominal unit labour costs (see footnote (g) deflated by the derived implicity price deflator for gross non-farm product. |
| (g) Ratio of nominal hourly labour costs to average hourly labour productivity (real gross non-farm product per hour worked by all employed persons). |
| Source: Australian National Accounts: National Income, Expenditure and Product, (cat. no. 5206.0) |
