Australians can earn an average of $ 10,000 extra per year simply by switching to a government job.
While wages are still growing so slowly, civil servants are better rewarded with full-time salaries approaching the six figures for bonuses.
They typically earned $ 94,234 compared to $ 84,100 for private sector employees who spend 35 hours or more per week, the Australian Bureau of Statistics said on Thursday.
Those hoping for a better wage can try their luck at Canberra, the home of Commonwealth officials, who also have the lowest unemployment rate in Australia and the highest salaries in the capital.
Australians can earn an average of $ 10,000 extra per year simply by switching to a government job. Officials (stock image) who worked full time earned $ 94,234 compared to $ 84,099 for private sector employees who spend 35 hours or more per week, the Australian Bureau of Statistics revealed on Thursday.
Despite the benefits of tax-financed jobs, miners were by far the best-paid workers in Australia, with an average wage of $ 136,079 from November 2019.
Engineers in remote Pilbara in Western Australia, however, were far from the only people who earned average earnings with six figures.
Financial and insurance experts earned on average $ 102,086, while telecommunications engineers commanded $ 103,496.
Above-average salaries were also found in education and training ($ 93,428); electricity, water and gas ($ 98,441) and among scientists and technicians ($ 98,545).
Australia’s average full-time salary in all industries was $ 86,236, according to the official average weekly regular time gain data.
Several sectors were far below average, including retail, which offered $ 64,964, and food and accommodation, where typical salaries were even lower at $ 61,318.
Miners were by far the best-paid workers in Australia, with an average wage of $ 136,079. Shown is a stock image
Australia’s unemployment rate rose to 5.3 percent in January from 5.1 percent when forest fires devastated large parts of the south coast of New South Wales and the Gippsland region of Victoria.
Unemployment throughout Australia
NATIONAL AVERAGE: 5.3 percent in January, compared to 5.1 percent in December
NEW SOUTH WALKS: 4.5 percent, unchanged
VICTORIA: 5.4 percent, an increase of 4.9 percent
QUEENLAND: 6.3 percent, an increase of 5.7 percent
WEST AUSTRALIA: 5.8 percent, against 5.4 percent
SOUTH AUSTRALIA: 5.7 percent, compared to 6.2 percent
TASMANIA: 5.9 percent, an increase of 5.5 percent
AUSTRALIAN CAPITAL AREA: 3.0 percent, a decrease of 3.1 percent
NORTHERN AREA: 5.3 percent, unchanged
Source: Workforce data from the Australian Bureau of Statistics for January 2020, released on February 20, 2020
Victoria’s unemployment rate before the start of 2020 rose by half a percentage point to 5.4 percent, the highest in 19 months.
In the Australian Capital Territory, however, the unemployment rate dropped to an 11-year low of three percent, from a very low 3.1 percent, making Canberra by far the city with the smallest proportion of people out of work.
The national capital also has Australia’s highest average salaries of $ 95,000.
Wage levels in Australia are mainly stagnating, with official wage price index data for 2019 showing a 2.2 percent increase in both public and private sector salaries.
The growth in remuneration for public services was the weakest since the ABS data series started at the end of 1997.
Australian wage rates have not risen above the 3 percent level since mid-2013, while the debt-to-household ratio of 186.5 percent has almost reached a record high.
EY chief economist Jo Masters said the increase in unemployment this year made a new interest rate cut more likely, with the cash rate of the Reserve Bank of Australia already at a record low of 0.75 percent.
“Clearly there is sufficient spare capacity on the labor market, which points to little progress in eliminating wage growth quickly,” she said.
“This data will reinforce the expectation that the RBA will have to lower interest rates again this year.”
Financial and insurance experts earned on average $ 102,086, while telecommunications engineers (installation of the National Broadband Network in Sydney pictured) commanded $ 103,496
Above-average salaries were also found in education and training ($ 93,428); electricity, water and gas ($ 98,441) and among scientists (stock image) who had a full-time salary of $ 98,545