MIL-OSI Australia: Managers and Professionals have highest hourly earnings (Media Release)

Source: Australian Bureau of Statistics 2

MEDIA RELEASE

22 January 2019

Embargoed: 11.30 am (Canberra time)

Managers and Professionals have highest hourly earnings

In May 2018, Managers and Professionals had the highest average hourly earnings (at $60.40 and $54.00 per hour), according to results from the Survey of Employee Earnings and Hours, released today by the Australian Bureau of Statistics (ABS).

The lowest hourly earners, on average, were Sales workers ($28.50) and Labourers ($29.50). The average for all employees was $39.10 per hour.

Across industries, average hourly earnings were lowest in the Accommodation and food services industry ($25.90), and highest in the Mining industry ($60.60).

Bruce Hockman, Chief Economist at the ABS, said “Full-time employees, who make up the majority of employees, received an average earnings of $1,699 per week, which would be around $88,000 in annual terms.” The latest figure for all employees, which also includes people working part-time, was $1,289.

Weekly earnings were higher for men working full-time ($1,811) than for women working full-time ($1,516). However, women working part-time earned slightly more, on average, than men working part-time ($669 compared to $666).

The top quarter of earners in Australia received more than $1,686 per week, while the lowest earning quarter received less than $682.

The most common method of setting pay was a collective agreement (40 per cent), followed by an individual arrangement (37 per cent). Less than a quarter of employees were paid according to an award (23 per cent).

“Men were more likely to have their pay set by an individual arrangement (44 per cent), whereas the most common method for women was a collective agreement (42 per cent),” said Mr Hockman.

Data from this survey are used in two of the three gender pay gap measures reported in Gender Indicators, Australia (cat. no. 4125.0). Updated measures will be released on Wednesday, 23 January 2019, incorporating information from this release.

About this release:

  • This release is conducted every two years with a May reference period;
  • Measures include hourly and weekly earnings, as well as bonuses, leave taken, overtime hours;
  • Provides a breakdown by age, sex, state and territory, industry and sector, and business size; and
  • Records method of setting pay such as by Award, Collective agreement, Individual arrangement, or if set by the Owner manager of an incorporated enterprise.

Further information is available in Employee Earnings and Hours, Australia, May 2018 (cat. no. 6306.0), available for free download from the ABS website at www.abs.gov.au

Media notes:

  • Please ensure when reporting on ABS data that you attribute the Australian Bureau of Statistics (or the ABS) as the source.
  • For media requests and interviews, contact ABS Media on 1300 175 070 or at media@abs.gov.au (8.30am-5pm Mon-Fri).
  • Subscribe to our media release notification service to be notified of ABS media releases or publications upon their release.

MIL OSI Australia

MIL-OSI Australia: Employee Earnings and Hours, Australia

Source: Australian Bureau of Statistics 2

MEDIA RELEASE

22 January 2019

Embargoed: 11.30 am (Canberra time)

Managers and Professionals have highest hourly earnings

In May 2018, Managers and Professionals had the highest average hourly earnings (at $60.40 and $54.00 per hour), according to results from the Survey of Employee Earnings and Hours, released today by the Australian Bureau of Statistics (ABS).

The lowest hourly earners, on average, were Sales workers ($28.50) and Labourers ($29.50). The average for all employees was $39.10 per hour.

Across industries, average hourly earnings were lowest in the Accommodation and food services industry ($25.90), and highest in the Mining industry ($60.60).

Bruce Hockman, Chief Economist at the ABS, said “Full-time employees, who make up the majority of employees, received an average earnings of $1,699 per week, which would be around $88,000 in annual terms.” The latest figure for all employees, which also includes people working part-time, was $1,289.

Weekly earnings were higher for men working full-time ($1,811) than for women working full-time ($1,516). However, women working part-time earned slightly more, on average, than men working part-time ($669 compared to $666).

The top quarter of earners in Australia received more than $1,686 per week, while the lowest earning quarter received less than $682.

The most common method of setting pay was a collective agreement (40 per cent), followed by an individual arrangement (37 per cent). Less than a quarter of employees were paid according to an award (23 per cent).

“Men were more likely to have their pay set by an individual arrangement (44 per cent), whereas the most common method for women was a collective agreement (42 per cent),” said Mr Hockman.

Data from this survey are used in two of the three gender pay gap measures reported in Gender Indicators, Australia (cat. no. 4125.0). Updated measures will be released on Wednesday, 23 January 2019, incorporating information from this release.

About this release:

  • This release is conducted every two years with a May reference period;
  • Measures include hourly and weekly earnings, as well as bonuses, leave taken, overtime hours;
  • Provides a breakdown by age, sex, state and territory, industry and sector, and business size; and
  • Records method of setting pay such as by Award, Collective agreement, Individual arrangement, or if set by the Owner manager of an incorporated enterprise.

Further information is available in Employee Earnings and Hours, Australia, May 2018 (cat. no. 6306.0), available for free download from the ABS website at www.abs.gov.au

Media notes:

  • Please ensure when reporting on ABS data that you attribute the Australian Bureau of Statistics (or the ABS) as the source.
  • For media requests and interviews, contact ABS Media on 1300 175 070 or at media@abs.gov.au (8.30am-5pm Mon-Fri).
  • Subscribe to our media release notification service to be notified of ABS media releases or publications upon their release.

MIL OSI Australia

MIL-OSI Australia: Lending Finance, Australia (Final Issue)

Source: Australian Bureau of Statistics 2

NOVEMBER KEY FIGURES

Oct 2018

Nov 2018

Oct 2018 to Nov 2018

$m

$m

% change


TREND ESTIMATES
Housing finance for owner occupation(a)

19 919

19 726

-1.0

Personal finance

5 721

5 695

-0.5

Commercial finance

43 980

44 213

0.5

Lease finance

608

597

-1.9

SEASONALLY ADJUSTED ESTIMATES
Housing finance for owner occupation(a)

20 084

19 795

-1.4

Personal finance

5 711

5 613

-1.7

Commercial finance

43 653

43 588

-0.2

Lease finance

607

595

-2.0


(a) Excludes alterations and additions
Personal Finance
Commercial Finance

NOVEMBER KEY POINTS

NOVEMBER 2018 COMPARED WITH OCTOBER 2018:

HOUSING FINANCE FOR OWNER OCCUPATION

  • The total value of owner occupied housing commitments excluding alterations and additions fell 1.0% in trend terms, and the seasonally adjusted series fell 1.4%.

PERSONAL FINANCE

  • The trend series for the value of total personal finance commitments fell 0.5%. Fixed lending commitments fell 0.7%, while revolving credit commitments was flat.
  • The seasonally adjusted series for the value of total personal finance commitments fell 1.7%. Fixed lending commitments fell 2.5% and revolving credit commitments fell 0.1%.

COMMERCIAL FINANCE

  • The trend series for the value of total commercial finance commitments rose 0.5%. Revolving credit commitments rose 1.0% and fixed lending commitments rose 0.4%.
  • The seasonally adjusted series for the value of total commercial finance commitments fell 0.2%. Fixed lending commitments fell 7.3%, while revolving credit commitments rose 27.0%.

LEASE FINANCE

  • The trend series for the value of total lease finance commitments fell 1.9% in November 2018 and the seasonally adjusted series fell 2.0%, after a rise of 2.0% in October 2018.

NOTES

FORTHCOMING ISSUES

ISSUE Release Date
No forthcoming issue

CESSATION OF HOUSING FINANCE, AUSTRALIA (5609.0) AND LENDING FINANCE, AUSTRALIA (5671.0)

November 2018 is the final issue of the Housing Finance, Australia (5609.0) and Lending Finance, Australia (5671.0) publications. Both publications will be combined into a single, simpler publication called Lending to Households and Businesses, Australia (5601.0). An information paper Information Paper: Forthcoming Changes to Monthly Finance Statistics (2018) (5601.0.55.001) was released on 11 January 2019, which outlines both the forthcoming changes in more detail and the format of the new publication, as well as providing historical data in the new table structures. In the new publication, some of the data currently published in the two publications will no longer be published, however, some existing outputs will be further disaggregated. New analytical series will also be added with the inclusion of seasonally adjusted and trend estimates for more data items. This new consolidated publication will be released on 12 February 2019.

REVISIONS

In this issue, revisions have been made to the original series as a result of improved reporting of survey and administrative data. These revisions have affected the following series:

  • Commercial Finance for the periods August 2018 to October 2018.
  • Personal Finance for the periods September 2018 to October 2018.

PRIVACY

The ABS Privacy Policy outlines how the ABS will handle any personal information that you provide to the ABS.

INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070.

MIL OSI Australia