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Income Growth For Wage And Salary Earners Remains Strong
Median weekly and hourly earnings from wages and
salaries increased by 7.1 and 6.6 percent respectively, in
the year to the June 2023 quarter, according to figures
released by Stats NZ today.
Median weekly earnings from wages and salaries grew by 7.1 percent ($84) over the year, to reach $1,273. This was the second-largest annual rise since the series began in 1998, surpassed only by the previous year’s annual increase.
“Median weekly earnings continued to grow strongly over the year, especially for women, whose earnings rose 8.1 percent annually, following record growth the previous year,” labour market manager Malak Shafik said.
Visit
our website to read this news story and information
release:
- Income growth for wage and salary earners remains strong
- Labour market statistics (income): June 2023 quarter
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