Analysis of estimates for all employees provides an opportunity to compare broad earnings and employee characteristics by classifications of interest such as sex, method of setting pay, occupation, industry and sector, with the influence of compositional factors such as the proportion of part-time or casual employees. For example, an industry with low average weekly total cash earnings may have a high proportion of part-time or casual employees relative to other industries.
Key results by category
The diagram below shows for employees in scope of the May 2018 Survey of Employee Earnings and Hours, the proportion of employees by category of employee.
In May 2018 there were 10,647,200 employees, of whom 49.9% were male and 50.1% were female. Average weekly total cash earnings was $1,288.70 for all employees, $1,525.40 for male employees and $1,053.30 for female employees. The average age of all employees was 39.8 years.
Flash January PMI data will provide important insights intoeconomic performance and price trends of major economies at thestart of 2019, especially for the US, where official data releasesare subject to delayed publication due to the government shutdown.December PMI surveys rattled financial markets, indicating that2018 ended on a disappointing note for many countries, pushing theglobal PMI down to a 27-month low.
In Asia, the week kicks off with a number of countries reportingGDP figures. Undoubtedly, China's GDP data will be watchedespecially closely for clues of the likelihood of further stimulus.Japan, Korea and Malaysia are also set to decide on monetarypolicy, while trade data from Thailand, Taiwan and Japan couldoffer clues as to the trade-war impact on exports, particularlyelectronics.
Elsewhere, the ECB holds its first monetary policy meeting of2019, with analysts eager to see how the central bank will respondto growing signs of renewed weakness in the eurozone economy.Updated UK labour market data will meanwhile help frame the outlookfor Bank of England interest rate policy.
Our special focus looks at the economic outlook for ASEAN in2019 at a time where supply chains are shifting due to corporateresponses to global trade tensions.
Download the article for a full diary of key economicreleases.