Welcome Guest [Log In] [Register]


Reply
  • Pages:
  • 1
ABS 6345.0 - Wage Price Index, Australia, March 2014. Wages rise 2.6% over the year.
Topic Started: 13 Aug 2014, 12:02 PM (1,671 Views)
Admin
Member Avatar
Administrator

ABS Data: http://www.abs.gov.au/ausstats/abs@.nsf/mf/6345.0

Quote:
 
MARCH KEY POINTS

TOTAL HOURLY RATES OF PAY EXCLUDING BONUSES

QUARTERLY CHANGE (DEC QTR 2013 TO MAR QTR 2014)

The trend index for Australia rose 0.7% in the March quarter 2014, and 0.7% seasonally adjusted.
The Public sector rose 0.8%, seasonally adjusted, and the Private sector rose 0.7%.
The rises in indexes at the industry level (in original terms) ranged from 0.2% for Information media and telecommunications to 1.5% for Education and training.

ANNUAL CHANGE (MAR QTR 2013 TO MAR QTR 2014)

The trend index and the seasonally adjusted index for Australia rose 2.6% through the year to the March quarter 2014.
Rises in the original indexes through the year to the March quarter 2014 at the industry level ranged from 1.9% for Professional, scientific and technical services to 3.3% for both Electricity, gas, water and waste services and Arts and recreation services.
Follow OzPropertyForum on Twitter | Like APF on Facebook | Circle APF on Google+
Profile "REPLY WITH QUOTE" Go to top
 
Ollie
Unregistered

This ABS Wage Price Index for the June quarter of 2014, reveals a continuation of soft wages growth across the economy, with annual wages growth also tracking at the lowest rate in the series’ 16-year history.

According to the ABS, wages grew by 0.6% (both s.a. and trend) in the June quarter, in line with analyst’s expectations. Private sector wages grew by just 0.6% (both s.a. and trend) over the quarter, whereas public sector wages grew by 0.6% (s.a.) and 0.8% (trend). Over the year, total wages grew by 2.6% (s.a.) and 2.6% (trend), with the private sector experiencing 2.4% (s.a.) and 2.5% (trend) growth and the public sector 2.8% growth (s.a.) and 3.0% growth (trend).

Wages growth has softened pretty much everywhere. In a similar vein, wages growth has weakened across most industries. Overall, there’s not much joy in this release for workers, with wages growth continuing on a slow path.
"REPLY WITH QUOTE" Go to top
 
John Frum
Member Avatar


Alex Barton
13 Aug 2014, 12:02 PM
Oh look, at well below inflation print for wages - as I successfully predicted here, the fundamentals are now becoming seriously detached from the sydney house price extravaganza. Massive bank profits though, so my wages will skyrocket - keep it coming kids, we're all in for the all out bull assault!
"It were not best that we should all think alike; it is difference of opinion that makes horse races." - Mark Twain on why he avoids discussing house prices over at MacroBusiness.
"Buy land, they're not making any more of it." - Georgist Land Tax proponent Mark Twain laughing in his grave at humourless idiots like skamy that continually use this quip to justify housing bubbles.
Profile "REPLY WITH QUOTE" Go to top
 
Shadow
Member Avatar
Evil Mouzealot Specufestor

John Frum
13 Aug 2014, 01:05 PM
Oh look, at well below inflation print for wages - as I successfully predicted here, the fundamentals are now becoming seriously detached from the sydney house price extravaganza. Massive bank profits though, so my wages will skyrocket - keep it coming kids, we're all in for the all out bull assault!
Ned Flanders tells me it's impossible for house prices in Australia to rise while incomes are falling...

'Falling incomes drive the housing market downwards faster then lower interest rates drive it upwards'

So this can't be happening.
1. Epic Fail! Steve Keen's Bad Calls and Predictions.
2. Residential property loans regulated by NCCP Act. Banks can't margin call unless borrower defaults.
3. Housing is second highest taxed sector of Australian Economy. Renters subsidised by highly taxed homeowners.
4. Ongoing improvement in housing affordability. Australian household formation faster than population growth since 1960s.
Profile "REPLY WITH QUOTE" Go to top
 
Veritas
Default APF Avatar


Shadow
13 Aug 2014, 01:09 PM
Ned Flanders tells me it's impossible for house prices in Australia to rise while incomes are falling...

'Falling incomes drive the housing market downwards faster then lower interest rates drive it upwards'

So this can't be happening.
Of course its possible.

You just keep throwing cheap money at the Proles.

Property acquisition as a topic was almost a national obsession. You couldn't even call it speculation as the buyers all presumed the price of property could only go up. That’s why we use the word obsession. Ordinary people were buying properties for their young children who had not even left school assuming they would not be able to afford property of their own when they left college- Klaus Regling on Ireland. Sound familiar?

The evidence of nearly 40 cycles in house prices for 17 OECD economies since 1970 shows that real house prices typically give up about 70 per cent of their rise in the subsequent fall, and that these falls occur slowly.
Morgan Kelly:On the Likely Extent of Falls in Irish House Prices, 2007
Profile "REPLY WITH QUOTE" Go to top
 
Guest
Unregistered

Veritas
13 Aug 2014, 01:39 PM
Of course its possible.

You just keep throwing cheap money at the Proles.
Until the job loss program takes over, increasing mortgage repossessions no matter how low rates go. Its now an investor driven ponzi fuelling record building growth while their future tennants have no jobs to pay any rent, no to mention buy. Vacancy rates will get higher and higher with rents getting cheaper and cheaper.



"REPLY WITH QUOTE" Go to top
 
josh
Unregistered

John Frum
13 Aug 2014, 01:05 PM
Massive bank profits though, so my wages will skyrocket
I'm sorry to break this to you but banks don't make huge profits by paying everyone heaps. you are over estimating your worth.
"REPLY WITH QUOTE" Go to top
 
Ned Flanders
Default APF Avatar


Shadow
13 Aug 2014, 01:09 PM
Ned Flanders tells me it's impossible for house prices in Australia to rise while incomes are falling...

'Falling incomes drive the housing market downwards faster then lower interest rates drive it upwards'

So this can't be happening.
You do realise that incomes grew 2.6%, right?

You sound a little shrill. Maybe take a chill-pill and a nap?

Or is it best just to ignore you for the week around the full moon?
------------------------------
" ... which is that all-too-familiar dynamic in Irish life where people tell lies, cover them up and create all sorts of collateral damage, sometimes spread out over decades, and never take responsibility."
- Alan Glynn
Profile "REPLY WITH QUOTE" Go to top
 
Shadow
Member Avatar
Evil Mouzealot Specufestor

Ned Flanders
13 Aug 2014, 09:22 PM
You do realise that incomes grew 2.6%, right?

You sound a little shrill. Maybe take a chill-pill and a nap?

Or is it best just to ignore you for the week around the full moon?
Down in real terms. Why all the abuse?
Edited by Shadow, 13 Aug 2014, 11:09 PM.
1. Epic Fail! Steve Keen's Bad Calls and Predictions.
2. Residential property loans regulated by NCCP Act. Banks can't margin call unless borrower defaults.
3. Housing is second highest taxed sector of Australian Economy. Renters subsidised by highly taxed homeowners.
4. Ongoing improvement in housing affordability. Australian household formation faster than population growth since 1960s.
Profile "REPLY WITH QUOTE" Go to top
 
Ned Flanders
Default APF Avatar


Shadow
13 Aug 2014, 11:07 PM
Down in real terms.
Go on.
Quote:
 
Why all the abuse?

What abuse?
------------------------------
" ... which is that all-too-familiar dynamic in Irish life where people tell lies, cover them up and create all sorts of collateral damage, sometimes spread out over decades, and never take responsibility."
- Alan Glynn
Profile "REPLY WITH QUOTE" Go to top
 
1 user reading this topic (1 Guest and 0 Anonymous)
ZetaBoards - Free Forum Hosting
Free Forums. Reliable service with over 8 years of experience.
Learn More · Sign-up Now
Go to Next Page
« Previous Topic · Australian Property Forum · Next Topic »
Reply
  • Pages:
  • 1



Australian Property Forum is an economics and finance forum dedicated to discussion of Australian and global real estate markets and macroeconomics, including house prices, housing affordability, and the likelihood of a property crash. Is there an Australian housing bubble? Will house prices crash, boom or stagnate? Is the Australian property market a pyramid scheme or Ponzi scheme? Can house prices really rise forever? These are the questions we address on Australian Property Forum, the premier real estate site for property bears, bulls, investors, and speculators. Members may also discuss matters related to finance, modern monetary theory (MMT), debt deflation, cryptocurrencies like Bitcoin Ethereum and Ripple, property investing, landlords, tenants, debt consolidation, reverse home equity loans, the housing shortage, negative gearing, capital gains tax, land tax and macro prudential regulation.

Forum Rules: The main forum may be used to discuss property, politics, economics and finance, precious metals, crypto currency, debt management, generational divides, climate change, sustainability, alternative energy, environmental topics, human rights or social justice issues, and other topics on a case by case basis. Topics unsuitable for the main forum may be discussed in the lounge. You agree you won't use this forum to post material that is illegal, private, defamatory, pornographic, excessively abusive or profane, threatening, or invasive of another forum member's privacy. Don't post NSFW content. Racist or ethnic slurs and homophobic comments aren't tolerated. Accusing forum members of serious crimes is not permitted. Accusations, attacks, abuse or threats, litigious or otherwise, directed against the forum or forum administrators aren't tolerated and will result in immediate suspension of your account for a number of days depending on the severity of the attack. No spamming or advertising in the main forum. Spamming includes repeating the same message over and over again within a short period of time. Don't post ALL CAPS thread titles. The Advertising and Promotion Subforum may be used to promote your Australian property related business or service. Active members of the forum who contribute regularly to main forum discussions may also include a link to their product or service in their signature block. Members are limited to one actively posting account each. A secondary account may be used solely for the purpose of maintaining a blog as long as that account no longer posts in threads. Any member who believes another member has violated these rules may report the offending post using the report button.

Australian Property Forum complies with ASIC Regulatory Guide 162 regarding Internet Discussion Sites. Australian Property Forum is not a provider of financial advice. Australian Property Forum does not in any way endorse the views and opinions of its members, nor does it vouch for for the accuracy or authenticity of their posts. It is not permitted for any Australian Property Forum member to post in the role of a licensed financial advisor or to post as the representative of a financial advisor. It is not permitted for Australian Property Forum members to ask for or offer specific buy, sell or hold recommendations on particular stocks, as a response to a request of this nature may be considered the provision of financial advice.

Views expressed on this forum are not representative of the forum owners. The forum owners are not liable or responsible for comments posted. Information posted does not constitute financial or legal advice. The forum owners accept no liability for information posted, nor for consequences of actions taken on the basis of that information. By visiting or using this forum, members and guests agree to be bound by the Zetaboards Terms of Use.

This site may contain copyright material (i.e. attributed snippets from online news reports), the use of which has not always been specifically authorized by the copyright owner. Such content is posted to advance understanding of environmental, political, human rights, economic, democratic, scientific, and social justice issues. This constitutes 'fair use' of such copyright material as provided for in section 107 of US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed for research and educational purposes only. If you wish to use this material for purposes that go beyond 'fair use', you must obtain permission from the copyright owner. Such material is credited to the true owner or licensee. We will remove from the forum any such material upon the request of the owners of the copyright of said material, as we claim no credit for such material.

For more information go to Limitations on Exclusive Rights: Fair Use

Privacy Policy: Australian Property Forum uses third party advertising companies to serve ads when you visit our site. These third party advertising companies may collect and use information about your visits to Australian Property Forum as well as other web sites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, click here: Google Advertising Privacy FAQ

Australian Property Forum is hosted by Zetaboards. Please refer also to the Zetaboards Privacy Policy