Gender pay gap greatest among Australian managers
Detailed earnings information released by the ABS today reveal a clearer picture of the differences between men and women’s pay packets
2 min
Women in management experience the greatest hourly pay gap, new data from the Australian Bureau of Statistics shows.
The Survey of Employee Earnings and Hours released today showed the difference between average hourly earnings for men and women in management roles in May 2023 was $14.10 per hour, ABS head of labour statistics, Bjorn Jarvis said. In percentage terms, that represents a 19 percent difference.
While the gap was starkest at the top level, men continued to earn more per hour across all eight major occupation groups, the statistics revealed, with the smallest gap among sales workers at 7 percent.
In terms of weekly earnings, men earned an average of $1,731 and women $1,261. The average pay for all employees was $1,490 in May 2023.
“Analysing the difference between male and female earnings is complex and there is no single measure that can provide a complete picture,” Mr Jarvis said. “Hourly earnings comparisons are particularly useful in understanding gender pay differences beyond weekly earnings measures, given women are more likely to work part-time than men.”
For part time workers, where women make up the majority at 69 percent of employees, women earn more on average at $817 compared with $759 for men.
“This reflects the greater use of part-time working arrangements by women in higher paying jobs, compared to men,” Mr Jarvis says.
Across the employment sector, distributional data showed that the top 25 percent of workers earned more than $1,956 per week in May 2023 while the lowest 25 percent earned less than $785. On an hourly basis, managers came out on top at $67.20 per hour, followed by professionals at $60.60, followed by labourers ($32.20) and sales workers ($30.90).
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Australian shares fell on Thursday as Wall Street weakness, rising oil and persistent rate concerns weighed on most of the market. The S&P/ASX 200 declined 0.72 per cent to 8,702. The All Ordinaries lost 0.66 per cent to finish at 8,897. Mining stocks were hit particularly hard, while real estate also dragged on the index. …
Continue reading “ASX falls 0.7 per cent as miners and property stocks retreat”
2 minAustralian shares fell on Thursday as Wall Street weakness, rising oil and persistent rate concerns weighed on most of the market.
The S&P/ASX 200 declined 0.72 per cent to 8,702. The All Ordinaries lost 0.66 per cent to finish at 8,897. Mining stocks were hit particularly hard, while real estate also dragged on the index.
Energy was the notable exception, gaining more than one per cent as Brent crude traded above US$103 a barrel. Oil had moved higher amid uncertainty surrounding potential US diesel-export restrictions and broader geopolitical supply risks. The move supported energy producers but renewed concern about inflation inputs across transport and the wider economy.
Gold shares were weak even as spot bullion remained historically elevated. The All Ordinaries Gold index fell about 2.25 per cent, showing that equity performance can diverge from the commodity because of valuation, currency, operating and company-specific factors.
Zip was a prominent loser, falling 11.38 per cent after the company reported short sales after the previous close. Nine Entertainment also weakened after UBS analysts warned of near-term revenue challenges associated with its advertising-supported subscription tier.
Premier Investments led larger winners despite caution about the retail environment. Breville, in which Premier owns a significant stake, also appeared among leading movers. In the broader ASX 300 screen, Myer gained 11.43 per cent and MAAS Group rose 7.93 per cent, while Lotus Resources fell 10.53 per cent. These percentage moves should be checked against company announcements and trading liquidity before attributing causes.
The Australian dollar was broadly flat at US70.38 cents. Spot gold was around US$4,280 an ounce, Brent crude approximately US$103.08 a barrel and iron ore near US$96.90 a tonne late in the session.
The rate outlook remains the central domestic catalyst. Labour-market weakness has not eliminated the possibility of an RBA increase next week, leaving banks, listed property and other rate-sensitive sectors exposed to changing expectations.
Market dashboard
S&P/ASX 200: 8,702, down 0.72 per cent.
All Ordinaries: 8,897, down 0.66 per cent.
Best sector: Energy, up more than one per cent.
Weakest areas: Real estate and materials were the major drags; confirm final sector percentages before publication.
Material winner: Premier Investments led the large-company gainers. Confirm its final closing move from the ASX before publication.
Material loser: Zip, down 11.38 per cent.
ASX 300 percentage leader: Myer, up 11.43 per cent.
ASX 300 percentage laggard: Zip, down 11.38 per cent.
AUD/USD: Approximately US$0.7038, broadly flat.
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