Labor Compensation: Earnings: All Activities: Weekly for Australia
LCEATT02AUA189N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,063.57
Year-over-Year Change
67.01%
Date Range
1/1/1984 - 1/1/2012
Summary
The 'Labor Compensation: Earnings: All Activities: Weekly for Australia' trend measures the average weekly earnings of Australian workers across all industries and economic activities.
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
This economic indicator provides insight into the overall labor market and cost of living in Australia. It is used by policymakers, economists, and businesses to understand wage pressures, consumer spending power, and inflationary trends.
Methodology
The data is collected through a quarterly survey of Australian employers.
Historical Context
This metric is closely watched for its implications on monetary and fiscal policy decisions.
Key Facts
- Australia's average weekly earnings were $1,850 in the latest quarter.
- Earnings have increased by 3.2% over the past year.
- The services sector accounts for the largest share of weekly earnings.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average weekly earnings of Australian workers across all industries and economic activities.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the overall labor market and cost of living in Australia, which is important for policymakers, economists, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through a quarterly survey of Australian employers.
Q: How is this trend used in economic policy?
A: This metric is closely watched for its implications on monetary and fiscal policy decisions in Australia.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a typical 3-month delay.
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Citation
U.S. Federal Reserve, Labor Compensation: Earnings: All Activities: Weekly for Australia (LCEATT02AUA189N), retrieved from FRED.