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Source: MIL-OSI Submissions

Average earnings increase despite slowing wage inflation – Media release

3 February 2021

Growth in average earnings in the December 2020 quarter was strong, despite slowing wage inflation, Stats NZ said today.

In the year to the December 2020 quarter, average ordinary-time hourly earnings in the quarterly employment survey (QES) increased 4.2 percent to $34.14. Average ordinary-time weekly earnings increased to $1,289, up 3.6 percent annually, as average weekly hours fell across the year.

The rise in average hourly earnings reflected falls in the number of filled jobs and hours paid in lower-paid industries like administration and support services, while jobs and hours in higher-paid industries remained relatively stable.

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