Labour Costs in Australia decreased to 94 points in the second quarter of 2020 from 104.80 points in the first quarter of 2020.
Labour Costs in Australia averaged 75.75 points from 1985 until 2020, reaching an all time high of 104.80 points in the first quarter of 2020 and a record low of 43.30 points in the third quarter of 1985. This page provides - Australia Labour Costs - actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Labour Costs - values, historical data and charts - was last updated on September of 2020. source: Australian Bureau of Statistics
Labour Costs in Australia is expected to be 106.65 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in Australia to stand at 107.21 in 12 months time. In the long-term, the Australia Labour Costs is projected to trend around 109.78 points in 2021 and 112.31 points in 2022, according to our econometric models.