Australia's seasonally adjusted wage price index rose 2.3 percent year-on-year in the third quarter of 2018, above the 2.1 percent for the previous quarter and matching market expectations. Wages in the public sector went up by 2.5 percent and those in the private sector grew by 2.1 percent. In original terms, wage rises ranged from 1.8 percent for mining and retail trade industries to 2.8 percent for the health-care industry. On a quarterly basis, wages went up 0.6 percent, the same growth rate compared to the previous quarter and also matching market consensus. Wage Growth in Australia averaged 3.25 percent from 1998 until 2018, reaching an all time high of 4.30 percent in the second quarter of 2008 and a record low of 1.90 percent in the third quarter of 2016.

Wage Growth in Australia is expected to be 2.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wage Growth in Australia to stand at 2.27 in 12 months time. In the long-term, the Australia Annual Change in Hourly Rates of Pay is projected to trend around 3.30 percent in 2020, according to our econometric models.

Australia Annual Change in Hourly Rates of Pay
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-15 01:30 AM Wage Price Index YoY 2.1% 2.1% 2.1% 2.2%
2018-08-15 01:30 AM Wage Price Index QoQ 0.6% 0.5% 0.6%
2018-11-14 12:30 AM Wage Price Index QoQ 0.6% 0.6% 0.6%
2018-11-14 12:30 AM Wage Price Index YoY 2.3% 2.1% 2.3% 2.3%
2019-02-21 12:30 AM Wage Price Index QoQ 2.40%
2019-02-21 12:30 AM Wage Price Index YoY 2.40%
2019-05-16 01:30 AM Wage Price Index YoY 2.40%


Australia Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.00 5.00 11.20 4.00 percent [+]
Employed Persons 12671.54 12638.74 12671.54 5997.80 Thousand [+]
Unemployed Persons 672.05 667.45 959.99 364.64 Thousand [+]
Part Time Employment -9461.00 -16813.00 72766.00 -72975.00 Persons [+]
Full Time Employment 42300.00 24600.00 80600.00 -81000.00 Persons [+]
Employment Change 32800.00 7800.00 99100.00 -75000.00 Persons [+]
Labor Force Participation Rate 65.60 65.50 65.80 60.10 percent [+]
Youth Unemployment Rate 11.30 11.40 20.10 7.60 percent [+]
Productivity 100.70 101.80 104.21 58.20 Index Points [+]
Labour Costs 102.20 100.60 102.50 45.40 Index Points [+]
Job Vacancies 240.90 234.20 240.90 28.40 Thousand [+]
Job Advertisements 175726.00 176253.00 258085.00 69799.00 [+]
Wages 1207.40 1191.50 1207.40 59.10 AUD/Week [+]
Wage Growth 2.30 2.10 4.30 1.90 percent [+]
Wages In Manufacturing 1304.50 1309.40 1309.40 333.00 AUD/Week [+]
Minimum Wages 719.20 694.90 719.20 522.12 AUD/week [+]
Population 24.70 24.13 24.70 10.39 Million [+]
Retirement Age Women 65.50 65.50 65.50 62.00 [+]
Retirement Age Men 65.50 65.50 65.50 65.00 [+]
Living Wage Family 2790.00 2920.00 2920.00 2770.00 AUD/Month [+]
Living Wage Individual 1770.00 1820.00 1820.00 1750.00 AUD/Month [+]
Wages Low Skilled 2710.00 2670.00 2710.00 2670.00 AUD/Month [+]
Wages High Skilled 6120.00 6250.00 6250.00 6120.00 AUD/Month [+]
Employment Rate 62.20 62.20 62.90 54.00 percent [+]


Australia Annual Change in Hourly Rates of Pay

In Australia, wage growth measures the annual change in hourly rates of pay excluding bonuses for both public and private sector. This page provides - Australia Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Annual Change in Hourly Rates of Pay - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.30 2.10 4.30 1.90 1998 - 2018 percent Quarterly
2008-2009= 100; SA




Country Last Previous
Argentina 2.34 Sep/18
Australia 2.30 Sep/18
Euro Area 1.90 Jun/18
France 0.40 Jun/18
Germany 0.50 Jun/18
Italy 1.80 Oct/18
Japan 1.50 Oct/18
Netherlands 2.27 Nov/18
Russia 4.40 Oct/18
Switzerland 0.80 Jun/18
United Kingdom 3.30 Oct/18
United States 4.60 Sep/18


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