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Gender salary gap narrows, but remains large
Females have closed the pay gap on males, according to new data from the Australian Bureau of Statistics.
Full-time adult average weekly ordinary-time earnings reached $1,567.90 in November 2017 – an increase of 2.3 per cent on the previous year.
That included an increase of 2.9 per cent for females and 2.0 per cent for males.
However, females earned $1,409.00 compared to $1,662.70 for males, which means women would need an 18.0 per cent raise to eliminate the pay gap.
| Gender | November 2017 | Annual change |
|---|---|---|
| Males | $1,662.70 | 2.0% |
| Females | $1,409.00 | 2.9% |
| Both genders | $1,567.90 | 2.3% |
ACT leads the way
Looking at the state-by-state breakdown, people in the ACT earn the most, while Tasmanians earn the least.
ACT residents also enjoyed the biggest raises over the year to November, while South Australians were the only group to go backwards.
The two biggest economies, New South Wales and Victoria, placed fourth and sixth for average weekly ordinary-time earnings.
| Region | November 2017 | Annual change |
|---|---|---|
| ACT | $1,801.30 | 3.1% |
| WA | $1,740.90 | 2.2% |
| NT | $1,642.70 | 1.1% |
| NSW | $1,582.80 | 3.0% |
| Queensland | $1,524.10 | 3.0% |
| Victoria | $1,519.60 | 1.8% |
| SA | $1,441.20 | -0.1% |
| Tasmania | $1,355.60 | 0.8% |
| Australia | $1,567.90 | 2.3% |
Disclaimer
This article is over two years old, last updated on February 22, 2018. While RateCity makes best efforts to update every important article regularly, the information in this piece may not be as relevant as it once was. Alternatively, please consider checking recent savings accounts articles.
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