By Phil Boeyen, ShareChat Business News Editor
Thursday 27th September 2001 |
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The survey shows that average weekly income rose by 6%, from $447 to $474, between the June 2000 and June 2001 quarters. The rate of growth compares with an average of 3.1% for the previous three years.
Statistics New Zealand says the increase in average weekly income has been driven by a 3.2 % increase in the numbers of people in paid employment, and a 4.7% rise in average hourly earnings.
"Over the past year labour market conditions have improved. Employment is up by 3.25, total actual hours worked have increased by 3% and the unemployment rate is at a 13-year low."
Average hourly earnings for those earning income from wages and salaries increased by 4.7% from $15.61 in the June 2000 quarter to $18.33 in the June 2001 quarter.
The survey shows that in the June 2001 quarter, average weekly income for all people was highest in the Wellington region at $547, followed by Auckland at $514 and Southland at $491. The lowest average weekly incomes were for the Otago region at $401 and the Northland region at $405.
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