Private sector earnings stagnate in Qld at end of the mining boom

New ABS data released yesterday show that average weekly ordinary time earnings in the Queensland private sector fell slightly, by 0.4 per cent, through-the-year to May 2015, no doubt associated with the loss of high-paying jobs in the resources sector at the end of the mining boom (see chart below). This contrasts with positive growth in private sector average weekly earnings nationwide of around 2 per cent. Compare the disappointing recent performance with the high growth in private sector average weekly earnings that existed when the boom was underway: nearly 9 per cent growth through-the-year to May 2013.

awote_qld_may15

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