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Wage growth stagnates at 2.3% despite a jump in public service pay

Wage growth stagnates at 2.3% despite a jump in public service pay

Australia’s wage growth continues to flatline at an annual pace of 2.3 per cent, propped up by a surprise lift in public sector pay.

by Shared by the ABC | Aug 14, 2019

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Over the June quarter, the seasonally adjusted wage price index rose by 0.6 of a percentage point, with a 0.8 of a percentage point increase in the public sector more than compensating for a disappointing 0.5 of a percentage point increase in the private sector.