Australia's seasonally adjusted wage price index increased by 2.4% yoy in Q1 2022, compared with market forecasts of 2.5% and after a2.3% growth in Q4 of 2021. This was the highest reading since Q4 2018, amid improved business conditions in the wake of the COVID-19 pandemic. Public sector wages for the third straight quarter recorded an increasing rate of annual growth of 2.2% (vs 2.1% in Q4). Meanwhile, growth in the private sector stood at 2.4%, the same as in Q4. Across industries, annual wage growth in the original term ranged from 1.5% for the utility sector to 3.1% for rental, hiring and real estate services industry. Among states and territories, Tasmania recorded the highest annual wage growth rate (2.8%) while Northern Territory was the lowest (1.9%). On a quarterly basis, the wage price index grew 0.7% in Q4, still the most since Q1 2014 and compared with consensus of a 0.8% rise. 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 July of 2022.

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. In the long-term, the Australia Annual Change in Hourly Rates of Pay is projected to trend around 2.00 percent in 2023 and 2.30 percent in 2024, according to our econometric models.

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Australia Annual Change in Hourly Rates of Pay



Calendar GMT Actual Previous Consensus TEForecast
2022-05-18 01:30 AM Wage Price Index QoQ Q1 0.7% 0.7% 0.8% 0.6%
2022-05-18 01:30 AM Wage Price Index YoY Q1 2.4% 2.3% 2.5% 2.5%
2022-08-17 01:30 AM Wage Price Index QoQ Q2 0.7%


Related Last Previous Unit Reference
Unemployment Rate 3.90 3.90 percent May 2022
Employed Persons 13510.89 13401.68 Thousand May 2022
Unemployed Persons 548.13 537.07 Thousand May 2022
Full Time Employment 69400.00 92400.00 Persons May 2022
Part Time Employment -8700.00 -89000.00 Persons May 2022
Employment Change 60600.00 4000.00 Persons May 2022
Labor Force Participation Rate 66.70 66.40 percent May 2022
Youth Unemployment Rate 8.76 8.79 percent May 2022
Productivity 104.90 103.00 points Mar 2022
Labour Costs 105.90 105.40 points Mar 2022
Job Vacancies 423.50 396.10 Thousand Mar 2022
Wages 1328.90 1305.80 AUD/Week Dec 2021
Wage Growth 2.40 2.30 percent Mar 2022
Wages In Manufacturing 1462.00 1432.80 AUD/Week Dec 2021
Population 25.68 25.60 Million Dec 2020
Employment Rate 63.80 63.40 percent Feb 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
2.40 2.30 4.30 1.40 1998 - 2022 percent Quarterly
2008-2009= 100; SA

News Stream
Australia Q1 Wage Prices Rise the Most in Over 3 Years
Australia's seasonally adjusted wage price index increased by 2.4% yoy in Q1 2022, compared with market forecasts of 2.5% and after a2.3% growth in Q4 of 2021. This was the highest reading since Q4 2018, amid improved business conditions in the wake of the COVID-19 pandemic. Public sector wages for the third straight quarter recorded an increasing rate of annual growth of 2.2% (vs 2.1% in Q4). Meanwhile, growth in the private sector stood at 2.4%, the same as in Q4. Across industries, annual wage growth in the original term ranged from 1.5% for the utility sector to 3.1% for rental, hiring and real estate services industry. Among states and territories, Tasmania recorded the highest annual wage growth rate (2.8%) while Northern Territory was the lowest (1.9%). On a quarterly basis, the wage price index grew 0.7% in Q4, still the most since Q1 2014 and compared with consensus of a 0.8% rise.
2022-05-18
Australia Q4 Wage Prices Rise the Most in 2-1/2 Years
Australia's seasonally adjusted wage price index rose by 2.3% yoy in Q4 2021, compared with market forecasts of 2.4% and after a 2.2% increase in Q3. This was the highest reading since Q2 2019, amid improved business conditions in the wake of the COVID-19 pandemic. Public sector wages for the second straight quarter recorded an increasing rate of annual growth of 2.1% (vs 1.6% in Q3) after a series low of 1.3% in Q2. Meanwhile, growth in the private sector continued (2.4% vs 2.4%). Across industries, annual wage growth in the original term ranged from 1.3% for the utility sector to 3.5% for accommodation and food services. On a quarterly basis, the wage price index grew 0.7% in Q4, the most since Q1 2014 and matching consensus, driven by the implementation of the last phases of award updates and state-based public sector agreements. Industries that contributed most to growth were the health, care and social assistance, retail trade, and public administration and safety industries.
2022-02-23
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