Thread: Average income up
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Old 05-02-2007, 05:51 PM
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Default Re: Avergae income up
Anyone noticed?

Labour costs continue to rise
Monday February 05, 2007

Workers' earnings are increasing, according to Statistics New Zealand data released today that is regarded as an important indicator of inflationary pressure.

Salary and wage rates (including overtime), as measured by the Labour Cost Index (LCI), increased 3.2 per cent in the year to the December 2006 quarter, Statistics New Zealand said today.

This was more than the 2.9 per cent expected in a Reuters survey.

And seasonally adjusted total gross earnings increased 9 per cent in the same period, the largest annual increase ever recorded in the Quarterly Employment Survey (QES), SNZ said.

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