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The OECD (Organization for Economic Co-operation and Development) dataset contains data on average annual wages for full-time and full-year equivalent employees in the total economy. Average annual wages per full-time equivalent dependent employee are obtained by dividing the national-accounts-based total wage bill by the average number of ...
The child poverty rate is estimated at 0.13 (under 17 years of age) according to OECD statistics (using the median income) from 2013 - 2017. [15] According to ACOSS, children under the age of 15 have a poverty rate of 17.3%, and young people aged 15 to 24 have a rate of 13.9%. [16]
In 2023, Australia's labour force was 14.2 million, with 1.4 million trade union members, an average annual income of $72,753, 3.8% unemployment and 6.4% underemployment. [1] Australian labour law sets the rights of working people, the role of trade unions, and democracy at work, and the duties of employers, across the Commonwealth and in states.
Western Australia has the largest gender pay gap of any state or territory in Australia. As of May 2021, the gap was 21.9% in average weekly ordinary time between male and female earnings. [32] A specialist Pay Equity Unit in Western Australia was established in 2006 to address the State's gender pay gap.
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U.S. unemployment rate and employment to population ratio (EM ratio) Wage share and employment rate in the U.S. Employment-to-population ratio, also called the employment rate, [1] is a statistical ratio that measures the proportion of a country's working age population (statistics are often given for ages 15 to 64 [2] [3]) that is employed.
National average wages and salaries grew by ... Wage growth has actually outpaced the crushing inflation over the past 2.5 years. ‘The economy appears to be doing better than a lot of people ...
However, retirees who claim Social Security at that age won’t get as much money every month as people who wait a few more years to retire. Also See: The Average Retirement Age in 2024: US vs. China