Resource states shift into fourth gear

From

Average weekly earnings; ABARE Mineral & energy major projects

  • Average weekly earnings rose by 0.4 per cent in the three months to August with private sector earnings up just 0.2 per cent and public sector wages up 1.5 per cent. Wages rose by 4.5 per cent over the year.
  • Over the year male wages rose by 4.3 per cent while female wages rose by 5.0 per cent. The average wage stands at $65,457. The highest average wage can still be found in the mining sector, at $107,510 per year.
  • Wages in the ACT ($75,936) remains well ahead of the other states and territories due its large public sector. However the clear surprise in wage growth has been the Northern Territory ($64,745), which has
    now elevated itself ahead Queensland ($64,407) and Victoria ($63,809) in the pay stakes.
  • The ABARE Mineral and energy major projects publication has confirmed that the mining sector is once again ramping up investment. In the six month to October, 72 projects were at an advanced stage of
    development, totalling a record capital expenditure of $132.9 billion.

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