Australia Average Weekly Wages In Manufacturing  Forecast


Australia Average Weekly Wages In Manufacturing
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Wages In Manufacturing in Australia is expected to be 1243.55 AUD/Week by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wages In Manufacturing in Australia to stand at 1232.59 in 12 months time. In the long-term, the Australia Average Weekly Wages In Manufacturing is projected to trend around 1222.69 AUD/Week in 2020, according to our econometric models.


Australia Labour Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 5.4 5.5 5.4 5.6 5.5 5.6
Employed Persons 12403 12412 12462 12487 12499 12495
Unemployed Persons 708 704 700 697 695 673
Part Time Employment 19690 3735 6483 6437 6436 6900
Full Time Employment 41900 6360 10159 8730 7881 7237
Employment Change 61600 18600 19026 15461 14383 15600
Labor Force Participation Rate 65.5 65.39 65.39 65.38 65.36 65.22
Youth Unemployment Rate 12.1 12.14 12.16 12.21 12.25 12.58
Productivity 101 99.65 98.88 98.46 98.25 97.91
Labour Costs 100 101 101 101 101 101
Job Vacancies 201 215 225 231 233 223
Job Advertisements 172395 172597 174162 173475 171459 148271
Wages 1179 1190 1195 1200 1204 1228
Wages In Manufacturing 1254 1244 1238 1235 1233 1223
Wage Growth 2 1.9 2.18 2 2.33 3.3
Minimum Wages 695 695 695 705 705 760
Population 24.13 24.26 24.3 24.33 24.37 24.66
Retirement Age Women 65.5 65.5 65.5 65.5 65.5 66
Retirement Age Men 65.5 65.5 65.5 65.5 65.5 66
Living Wage Family 3420 3437 3442 3444 3447 3440
Living Wage Individual 2420 2428 2431 2432 2433 2430
Wages Low Skilled 2440 2527 2504 2493 2481 2523
Wages High Skilled 6110 6165 6151 6143 6136 6163
Employment Rate 61.63 61.57 61.5 61.44 61.39 61.04