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Average weekly earnings



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Deputy Leader ot the Opposition

D20/83

NEWS RELEASE BY THE HON JOHN HOWARD MP

AVERAGE WEEKLY EARNINGS

The welcome reduction in the March quarter rise in Average Weekly Earnings represents a major braking

impact on inflation.

At only 1.3 per cent, it represents the lowest quarterly rise in total male AWE since the June quarter of 1979. ■

The March quarter figure compares with a rate four times as high in the same quarter of last year

before the coalition government introduced the wages pause last December.

The latest AWE figure represents the first impact

of the wages pause and demonstrates the vital need to continue the pause until the end of this year if inflation and unemployment are to be successfully

countered.

I expect that AWE for the financial year to June 30

will be limited to a rise of only about 7 to 8 per cent as a result of the coalition government's wage pause policy.

Canberra 12 May 1983

Parliam ent H o u se. Canberra, A C T 2 6 0 0