Thursday, March 1, 2012

Fed: Wages rose modestly in November qtr


AAP General News (Australia)
02-09-2001
Fed: Wages rose modestly in November qtr

CANBERRA, Feb 9 AAP - Wage rises were being kept in check, with average earnings barely
reaching $800 per week for the average worker.

Figures out today showed average weekly ordinary earnings in the three months to November
edged up 0.3 per cent to $800.60, after adjusting for seasonal factors.

The modest rise was below expectations and backed the Reserve Bank's comments this
week that labour costs remained moderate and no real threat to inflation.

In fact, full time adult …

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