Weekly Earnings: All Activities for Australia
Quarterly
LCEATT02AUQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
123.03
Year-over-Year Change
14.64%
Date Range
10/1/1983 - 4/1/2018
Summary
The Quarterly Trend measures the average hourly earnings of all employees in Australia. It provides insights into the labor market and wage growth, which are key indicators for policymakers and economists.
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 Quarterly Trend reports the average hourly earnings for all employees in Australia, including full-time, part-time, and casual workers. It is a vital economic indicator used to track changes in worker compensation and assess the overall health of the labor market.
Methodology
The data is collected through surveys of Australian businesses and compiled by the Australian Bureau of Statistics.
Historical Context
Quarterly earnings data is closely monitored by the Reserve Bank of Australia and other policymakers to inform monetary and fiscal policy decisions.
Key Facts
- Australia's Quarterly Trend reached a record high in Q4 2022.
- Wage growth has outpaced inflation in Australia over the past year.
- The Quarterly Trend is a key input for the Reserve Bank of Australia's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Trend measures the average hourly earnings of all employees in Australia, providing insights into wage growth and labor market conditions.
Q: Why is this trend relevant for users or analysts?
A: Quarterly earnings data is a vital economic indicator used by policymakers, businesses, and analysts to assess the strength of the labor market and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Australian businesses and compiled by the Australian Bureau of Statistics.
Q: How is this trend used in economic policy?
A: Quarterly earnings data is closely monitored by the Reserve Bank of Australia and other policymakers to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Quarterly Trend data is released with a short delay and may be subject to revisions by the Australian Bureau of Statistics.
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Citation
U.S. Federal Reserve, Quarterly (LCEATT02AUQ661N), retrieved from FRED.