Australia's seasonally adjusted wage price index rose by 2.3 percent year-on-year in the second quarter of 2019, the same pace as in the previous period and in line with market expectations. Wages in the public sector increased by 2.6 percent, while those in the private sector grew 2.3 percent. In original terms, annual wages growth ranged from 1.7 percent for wholesale trade to 3.3 percent for health care and social assistance. Western Australia recorded the lowest annual wage growth (1.6 percent), while Victoria recorded the highest (2.9 percent). On a quarterly basis, wages advanced 0.6 percent in the June quarter, beating market forecasts of 0.5 percent. Wage Growth in Australia averaged 3.21 percent from 1998 until 2019, 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 2.30 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 2.40 in 12 months time. In the long-term, the Australia Annual Change in Hourly Rates of Pay is projected to trend around 2.50 percent in 2020, according to our econometric models.

Australia Annual Change in Hourly Rates of Pay
width
height
Forecast Data Chart
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.


Calendar GMT Actual Previous Consensus TEForecast
2019-05-15 01:30 AM Wage Price Index QoQ Q1 0.5% 0.5% 0.6% 0.5%
2019-05-15 01:30 AM Wage Price Index YoY Q1 2.3% 2.3% 2.3% 2.3%
2019-08-14 01:30 AM Wage Price Index YoY Q2 2.3% 2.3% 2.3% 2.3%
2019-08-14 01:30 AM Wage Price Index QoQ Q2 0.6% 0.5% 0.5% 0.4%
2019-11-14 12:30 AM Wage Price Index YoY Q3 2.3% 2.3%


Australia Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.20 5.20 11.20 4.00 percent [+]
Employed Persons 12908.17 12867.04 12908.17 5997.65 Thousand [+]
Unemployed Persons 712.92 712.13 960.17 364.73 Thousand [+]
Part Time Employment 6654.00 -23345.00 72524.00 -73157.00 Persons [+]
Full Time Employment 34474.00 21003.00 74805.00 -80836.00 Persons [+]
Employment Change 41127.00 -2342.00 99138.00 -74910.00 Persons [+]
Labor Force Participation Rate 66.10 66.00 66.10 60.10 percent [+]
Youth Unemployment Rate 11.90 12.10 20.10 7.60 percent [+]
Productivity 100.00 100.00 104.21 55.70 Index Points [+]
Labour Costs 105.10 103.90 105.10 44.10 Index Points [+]
Job Vacancies 243.20 244.90 244.90 28.40 Thousand [+]
Job Advertisements 156977.80 161488.22 258084.89 69798.90 [+]
Wages 1237.90 1225.30 1237.90 59.10 AUD/Week [+]
Wages In Manufacturing 1338.30 1340.30 1340.30 333.00 AUD/Week [+]
Wage Growth 2.30 2.30 4.30 1.90 percent [+]
Minimum Wages 740.80 719.20 740.80 522.12 AUD/week [+]
Population 25.18 24.70 25.18 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 62.60 62.50 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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2.30 2.30 4.30 1.90 1998 - 2019 percent Quarterly
2008-2009= 100; SA




Country Last Previous
Argentina 2.60 Jun/19
Australia 2.30 Jun/19
Canada 2.50 Jun/19
Euro Area 2.70 Jun/19
France 0.80 Mar/19
Germany 1.20 Mar/19
Italy 0.70 Jul/19
Japan -0.30 Jul/19
Netherlands 2.68 Aug/19
Russia 3.00 Aug/19
Spain 4.92 Jul/19
Switzerland 0.50 Jun/19
United Kingdom 4.00 Jul/19
United States 5.20 Jul/19


Related

Latest