The average full-time salary of Australians is $ 89,000, while the unemployment rate rises to 7.5 percent
How do you get on? Average Australian salary is revealed – as unemployment rises to worst level in 22 years with 7.5 percent unemployed
- Australia’s average full-time salary stands at $ 89,122.80, new figures reveal
- Those who worked 35 hours or more per week saw the wage level rise by 4.8 percent
Australians must earn more than $ 89,000 per year to be considered above average income.
While unemployment is now at levels unseen since 1998, full-time professionals have done well – provided they have kept their jobs and working hours.
Australia’s average full-time salary before bonuses and overtime was $ 1,713.90 in May, which equates to a salary of $ 89,122.80 per year.
Australians must earn more than $ 89,000 per year to be considered above average income. Pictured is a Sydney barista
While wages in the private sector have generally fallen, those in permanent employment have fared well with average weekly incomes up 4.8 percent – a level well above inflation.
Public sector employees who worked 35 hours or more per week earned $ 96,116.80 per year, or $ 1,848.40 per week, compared to $ 87,027.20 per year or $ 1,673.60 per week in the private sector.
The Australian Bureau of Statistics also announced on Thursday that the national unemployment rate rose to 7.5 percent in July, the highest since November 1998.
After three months of rising unemployment, the last month was a small increase of 7.4 percent.
The news is much grimmer in Victoria, however, as the state’s Treasury and Treasury Department predicts the state’s unemployment rate to hit a 26-year high of 11 percent by the end of September, with Melbourne residents in a phase 4 lockdown.
The pandemic continues to erode the wage packages of those in precarious jobs, with private sector wages declining 0.1 percent in the June quarter as phase 3 lockdowns took effect across Australia, official wage price indices found.
Public sector employees who worked 35 hours or more per week earned $ 96,116.80 per year, or $ 1,848.40 per week, compared to $ 87,027.20 per year or $ 1,673.60 per week in the private sector. Pictured is a Federal Treasury Department hiring ad