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Average Hourly Earnings Up 5.2 Percent Annually – Stats NZ
Average ordinary time hourly earnings, as measured by the Quarterly Employment Survey (QES), increased 5.2 percent in the year to the March 2024 quarter, according to figures released by Stats NZ today.
Annual wage cost inflation, as measured by the labour cost index (LCI), was 4.1 percent.
“Although wage cost inflation eased and average hourly earnings growth started to slow this quarter, annual growth remained high for the two surveys,” business employment insights manager Sue Chapman said.
Visit our website to read this news story and information release and to download CSV files:
- Average hourly earnings up 5.2 percent annually
- Labour market statistics: March 2024 quarter
- CSV files for download
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