Annual Growth in New Zealand Wages Continues

"Wages are continuing to show annual growth, according to Statistics New Zealand's Quarterly Employment Survey (QES) and Labour Cost Index (LCI). In the year to March 2005, salary and wage rates (including overtime), as measured by the LCI, rose 2.5 percent. By comparison, average total hourly earnings, as measured by the QES, rose 3.6 percent. In the March 2005 quarter, salary and wage rates (including overtime) increased 0.5 percent, according to the LCI."



Hot off the press from Statistics New Zealand.