If you got a pay rise after Christmas then count yourself lucky; Figures released by Statistics New Zealand this week show that average hourly earnings over the last few months have remained stubbornly static.
Although average earnings (including overtime) have increased year-on-year by around 2% since March 2009, much of that gain occurred during the first half of 2009, and the year-on-year average earnings growth compares poorly with recent prior years of 5.3% to March 2009 and 4.6% to March 2008.
According to the Quarterly Employment Survey (QES), average weekly earnings in New Zealand were $959.13 as of March 2010. This is composed of average earnings of $1050.53 for men and $857.73 for women. These numbers reflect the total average earnings, i.e. wage or salary plus overtime pay and benefits.