Australia Minimum Weekly Wage  Forecast


Australia Minimum Weekly Wage
width
height
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.





Minimum Wages in Australia is expected to be 694.90 AUD/week by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Minimum Weekly Wage is projected to trend around 760.00 AUD/week in 2020, according to our econometric models.


Australia Labour Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 5.4 5.4 5.6 6 6 5.6
Employed Persons 12403 12487 12499 12505 12506 12495
Unemployed Persons 708 700 697 695 692 673
Part Time Employment 19690 6483 6437 6436 6436 6900
Full Time Employment 41900 8730 7881 7492 7335 7237
Employment Change 61600 15461 14383 17100 17100 15600
Labor Force Participation Rate 65.5 65.38 65.36 65.34 65.33 65.22
Youth Unemployment Rate 12.44 12.41 12.45 12.49 12.52 12.72
Productivity 101 98.46 98.25 98.15 98.11 97.91
Labour Costs 100 101 101 101 102 101
Job Vacancies 211 216 217 217 215 207
Job Advertisements 167656 165670 162880 159941 157122 143624
Wages 1179 1200 1204 1208 1211 1228
Wages In Manufacturing 1254 1235 1233 1230 1229 1223
Wage Growth 2 2 2 2.2 2.2 3.3
Minimum Wages 695 695 705 705 705 760
Population 24.13 24.26 24.26 24.26 24.3 24.66
Retirement Age Women 65.5 65.5 65.5 65.5 65.5 66
Retirement Age Men 65.5 65.5 65.5 65.5 65.5 66
Living Wage Family 3420 3442 3444 3447 3444 3440
Living Wage Individual 2420 2430 2431 2432 2433 2430
Wages Low Skilled 2440 2516 2504 2493 2481 2523
Wages High Skilled 6110 6158 6151 6143 6136 6163
Employment Rate 62.15 61.76 61.73 61.7 61.65 61.37