Territory Stories

Budget Paper 1994-95 No.6 Northern Territory Economy

Details:

Title

Budget Paper 1994-95 No.6 Northern Territory Economy

Other title

Tabled Paper 2156

Collection

Tabled Papers for 6th Assembly 1990 - 1994; Tabled Papers; ParliamentNT

Date

1994-05-12

Description

Tabled by Barry Coulter

Notes

Made available by the Legislative Assembly of the Northern Territory under Standing Order 240. Where copyright subsists with a third party it remains with the original owner and permission may be required to reuse the material.

Language

English

Subject

Tabled papers

File type

application/pdf

Use

Copyright

Copyright owner

See publication

License

https://www.legislation.gov.au/Details/C2021C00044

Parent handle

https://hdl.handle.net/10070/292876

Citation address

https://hdl.handle.net/10070/398240

Page content

Prices and Wages Average Weekly Earnings Average Weekly Ordinary Time Earnings (AWOTE) has traditionally been higher in the Territory than nationally, and in November 1993 was recorded at $634.30 in comparison with the national figure o f S604.20. During 1993, growth o f 2.5% was recorded for the Territory compared to 2.1% nationally. Average weekly total earnings (AWE), which corresponds to AWOTE plus overtime payments, was $680.60 (up 1.5%) in the Territory and $642.50 (up 3.5%) nationally. When adjusted for inflation, real AWOTE in the Territory increased by 4.7% over the period 1991 through 1993 while nationally it grew at half this rate recording growth o f 2.1%. Growth in AWOTE is influenced by changes in award and over-award payments, compositional changes in the wage and salary earners component o f the labour force and, more recently, enterprise-based wage agreements. Figure 4.3 shows AWE in the Territory relative to those nation wide. The figure shows the relative strength o f Territory earnings with only a brief period o f parity in February 1989. The ratio o f Territory earnings over national earnings remained historically high during 1992 and early 1993. R ecen t da ta show a m odest correction reflecting relatively stronger growth in national wages. Average weekly earnings data by gender show that, for the tw elve m onths to November 1993, female earnings in the Territory increased 2.2% (to $595.50) and m ale e a rn in g s in c re a se d 0 .1% (to $730.40). Nationally, female earnings increased 3.4% (to $550.80) and male earnings increased 3.4% (to $692.80). Figure 4.3 Average Weekly Total Earnings (Northern Territory/Australia Ratio) Source: ABS Cat. No. 6302.0, 5206.0, 5242.0


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