Weekly Earnings: All Activities for Australia
LCEATT02AUA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108.38
Year-over-Year Change
67.01%
Date Range
1/1/1984 - 1/1/2012
Summary
This economic indicator tracks the average weekly earnings for all activities in Australia. It provides valuable insights into labor market conditions and the purchasing power of Australian workers.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Weekly Earnings: All Activities for Australia metric measures the average gross weekly earnings for Australian employees across all industries and occupations. It is a key indicator of the overall strength and trends in the Australian labor market and a critical data point for economists, policymakers, and businesses.
Methodology
The data is collected through a quarterly survey of employers by the Australian Bureau of Statistics.
Historical Context
This trend is closely watched by the Reserve Bank of Australia and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- The metric is reported on a quarterly basis.
- Australia's average weekly earnings have risen by over 50% in the past decade.
- Wages growth is a key consideration for the Reserve Bank of Australia's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Weekly Earnings: All Activities for Australia metric measures the average gross weekly earnings for Australian employees across all industries and occupations.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into labor market conditions and the purchasing power of Australian workers, which are critical factors for economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through a quarterly survey of employers by the Australian Bureau of Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely watched by the Reserve Bank of Australia and other institutions to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The metric is reported on a quarterly basis, with a typical delay of several weeks between the end of the quarter and the data release.
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Citation
U.S. Federal Reserve, Weekly Earnings: All Activities for Australia (LCEATT02AUA661N), retrieved from FRED.