Average weekly wage growth has hit the brakes

Average weekly wage growth has hit the brakes

The Australian Bureau of Statistics head of labour statistics Bjorn Jarvis said the recent annual increase in full-time earnings of 1.9 per cent was higher than it was last May (1.4 per cent), but lower than in November 2021 (2.1 per cent) and also lower than the 2.6...
Wages rise but inflation keeps workers poorer

Wages rise but inflation keeps workers poorer

The seasonally adjusted WPI rose 0.7 per cent in June quarter for the third consecutive quarter as demand for skilled jobs continued to build wage pressure. Michelle Marquardt, head of prices statistics at the ABS, said after three-quarters of consistent wage growth,...