Australia Wage Growth Slows to 3.2% as Public Sector Tops Private for 6th Quarter
Updated
Updated · The Canberra Times · Aug 19
Australia Wage Growth Slows to 3.2% as Public Sector Tops Private for 6th Quarter
3 articles · Updated · The Canberra Times · Aug 19
Summary
Australia’s annual wage growth eased to 3.2% in the June quarter from 3.4% a year earlier, while the wage price index held at 0.8% for the quarter.
79% of jobs recorded pay rises below 4%, up from 75%, and the ABS said a smaller share of larger wage increases drove the overall slowdown.
Public-sector wages rose 3.4%, outpacing the private sector’s 3.1% for a sixth straight quarter, led by state public service increases and scheduled federal agreement rises.
Wage growth remains below the late-2023 peak of 4.3% but still above the 2.2% pace seen before COVID, with the latest figures broadly matching economists’ forecasts.