Salient to Investors:

Paul Ashworth at Capital Economics said:

  • The 1.3 million private-sector jobs created in half1 2014 paid an average of $867 a week versus $843 per week for the existing 117 million private-sector jobs.
  • Mining, construction and business-services companies – which traditionally pay more than the average – are increasingly hiring.
  • The loss of 17,000 information jobs this year is negative given they tend to pay well above average.
  • Accelerating wage growth may be one of the biggest stories for half2 2014.

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