Australia's seasonally adjusted wage price index rose by 2.2% yoy in Q3 2021, after a 1.7% increase in Q2, matching market estimates. This was the highest reading since Q1 2020, amid improved business conditions in the wake of the COVID-19 pandemic. Private sector wages accelerated (2.4% vs 1.9% in Q2), continuing the pattern of growth since the series low in Q3 2020. Meantime, growth in the public sector continued to track below the private sector, with this being the first rise in the annual rate since Q1 2020 (1.7% vs 1.3%). Across industries, annual wage growth in original term ranged from 1.2% for the utility sector to 3.4% for professional, scientific, and technical services. Among states and territories, Tasmania recorded the highest annual wage growth rate (2.7%) while South Australia was the lowest (1.8%). On a quarterly basis, the wage price index advanced 0.6% in Q3, accelerating from a 0.4% gain in Q2, beating consensus of 0.5%. source: Australian Bureau of Statistics

Wage Growth in Australia averaged 3.10 percent from 1998 until 2021, reaching an all time high of 4.30 percent in the second quarter of 2008 and a record low of 1.40 percent in the third quarter of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.

Wage Growth in Australia is expected to be 2.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Annual Change in Hourly Rates of Pay is projected to trend around 2.30 percent in 2022, according to our econometric models.

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Australia Annual Change in Hourly Rates of Pay


Calendar GMT Actual Previous Consensus TEForecast
2021-11-17 12:30 AM Wage Price Index QoQ Q3 0.6% 0.4% 0.5% 0.3%
2021-11-17 12:30 AM Wage Price Index YoY Q3 2.2% 1.7% 2.2% 1.9%
2022-02-23 12:30 AM Wage Price Index QoQ Q4 0.6%


Related Last Previous Unit Reference
Unemployment Rate 5.20 4.60 percent Oct/21
Unemployed Persons 707.30 625.50 Thousand Oct/21
Employed Persons 12835.20 12881.50 Thousand Oct/21
Part Time Employment -5900.00 -166200.00 Persons Oct/21
Full Time Employment -40400.00 25100.00 Persons Oct/21
Employment Change -46300.00 -141100.00 Persons Oct/21
Labor Force Participation Rate 64.70 64.50 percent Oct/21
Youth Unemployment Rate 13.10 10.83 percent Oct/21
Labour Costs 106.20 104.90 points Sep/21
Productivity 102.60 102.00 points Sep/21
Job Vacancies 333.70 362.50 Thousand Sep/21
Wages 1305.80 1280.30 AUD/Week Jun/21
Wage Growth 2.20 1.70 percent Sep/21
Wages In Manufacturing 1432.80 1458.00 AUD/Week Jun/21
Population 25.68 25.60 Million Dec/20
Employment Rate 61.50 62.20 percent Sep/21

News Stream
Australia Q3 Wage Growth Highest in 1-1/2 Years
Australia's seasonally adjusted wage price index rose by 2.2% yoy in Q3 2021, after a 1.7% increase in Q2, matching market estimates. This was the highest reading since Q1 2020, amid improved business conditions in the wake of the COVID-19 pandemic. Private sector wages accelerated (2.4% vs 1.9% in Q2), continuing the pattern of growth since the series low in Q3 2020. Meantime, growth in the public sector continued to track below the private sector, with this being the first rise in the annual rate since Q1 2020 (1.7% vs 1.3%). Across industries, annual wage growth in original term ranged from 1.2% for the utility sector to 3.4% for professional, scientific, and technical services. Among states and territories, Tasmania recorded the highest annual wage growth rate (2.7%) while South Australia was the lowest (1.8%). On a quarterly basis, the wage price index advanced 0.6% in Q3, accelerating from a 0.4% gain in Q2, beating consensus of 0.5%.
2021-11-17
Australia Q2 Wage Growth Highest in A Year
Australia's seasonally adjusted wage price index rose by 1.7 percent year-on-year in the June quarter of 2020, after a 1.5 percent gain in the prior period and compared with market estimates of a 1.9 percent rise. This was the highest reading since the second quarter of 2020, amid improved business conditions in the wake of the COVID-19 pandemic, with private sector wage growth accelerating (1.9 percent 1.4 percent in Q1). Meantime, the public sector recorded its lowest annual rate of growth since the series commenced in 1997 (1.3 percent vs 1.5 percent). Across industries, annual wage growth ranged from 0.1 percent for the utility sector, transport, postal, health care, and social assistance to 0.6 percent for the rental, hiring, and real estate services industry. On a quarterly basis, the wage price index advanced 0.4 percent in the second quarter, one of the lowest rates recorded for the series, following two-quarters of 0.6 percent growth.
2021-08-18
Australia Q1 Wage Growth Little Changed
Australia's seasonally adjusted wage price index rose by 1.5 percent year-on-year in the first quarter of 2020, compared with market consensus and the previous period's record low of 1.4 percent. Still, this was the highest reading since the June quarter of 2020, amid regularly scheduled increases and improved business conditions in the wake of the COVID-19 pandemic. Private sector wage growth remained at 1.4 percent for the second quarter in a row, while the public sector recorded its lowest rate of growth (1.5 percent vs 1.6 percent) since the commencement of the series. Across industries, annual wage growth ranged from 0.4 percent for the rental, hiring, and real estate services industry to 2.2 percent for the education and training. On a quarterly basis, the wage price index advanced 0.6 percent in the March quarter, the same as in the fourth quarter.
2021-05-19

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.