Australia Annual Change in Hourly Rates of Pay  1998-2018 | Data | Chart

Australia's seasonally adjusted wage price index rose 2.1 percent year-on-year in the last three months of 2017, compared to a 2 percent gain in the prior quarter while markets estimated a 2 percent rise. On a quarterly basis, wages went up 0.6 percent, slightly above market consensus of a 0.5 percent rise and after a 0.5 percent increase in the previous period. Wages in the public sector went up by 0.6 percent and those in the private sector grew by 0.5 percent. In original terms, the rises ranged from 0.1 percent for accommodation and food services to 1 percent for information media and telecommunications. Wage Growth in Australia averaged 3.29 percent from 1998 until 2017, 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.

Australia Annual Change in Hourly Rates of Pay
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Calendar GMT Actual Previous Consensus TEForecast
2017-11-15 12:30 AM Wage Price Index QoQ 0.5% 0.5% 0.7%
2018-02-21 12:30 AM Wage Price Index YoY 2.1% 2% 2% 2.1%
2018-02-21 12:30 AM Wage Price Index QoQ 0.6% 0.5% 0.5%
2018-05-16 01:30 AM Wage Price Index YoY 2.1% 2.2%
2018-05-16 01:30 AM Wage Price Index QoQ 0.6%
2018-08-15 01:30 AM Wage Price Index QoQ


Australia Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.50 5.50 11.20 4.00 percent [+]
Employed Persons 12484.15 12479.24 12485.51 5997.95 Thousand [+]
Unemployed Persons 730.24 732.60 959.90 364.53 Thousand [+]
Part Time Employment 24769.00 -26354.00 72337.00 -73090.00 Persons [+]
Full Time Employment -19900.00 20100.00 80700.00 -81000.00 Persons [+]
Employment Change 4900.00 -6300.00 99100.00 -75000.00 Persons [+]
Labor Force Participation Rate 65.50 65.60 65.80 60.10 percent [+]
Youth Unemployment Rate 12.50 13.20 20.10 7.60 percent [+]
Productivity 100.20 100.80 104.21 58.20 Index Points [+]
Labour Costs 101.20 100.50 102.50 45.40 Index Points [+]
Job Vacancies 220.80 210.80 220.80 28.40 Thousand [+]
Job Advertisements 177084.00 177084.00 258088.59 69799.00 [+]
Wages 1191.50 1179.00 1191.50 59.10 AUD/Week [+]
Wage Growth 2.10 2.00 4.30 1.90 percent [+]
Wages In Manufacturing 1309.40 1309.40 1309.40 333.00 AUD/Week [+]
Minimum Wages 694.90 672.70 694.90 543.78 AUD/week [+]
Population 24.13 23.94 24.13 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 3420.00 3440.00 3460.00 3420.00 AUD/Month [+]
Living Wage Individual 2420.00 2430.00 2440.00 2420.00 AUD/Month [+]
Wages Low Skilled 2440.00 2660.00 2660.00 2440.00 AUD/Month [+]
Wages High Skilled 6110.00 6250.00 6250.00 6110.00 AUD/Month [+]
Employment Rate 61.90 62.00 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 April of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.10 2.00 4.30 1.90 1998 - 2017 percent Quarterly
2008-2009= 100; SA




wage growth by Country
Country Last
Australia 2.10 Dec/17
Euro Area 1.70 Dec/17
France 0.10 Dec/17
Germany 0.50 Dec/17
Italy 0.90 Feb/18
Japan 1.30 Feb/18
Netherlands 1.83 Mar/18
Russia 6.50 Mar/18
Switzerland 0.50 Sep/17
United Kingdom 2.80 Feb/18
United States 4.47 Feb/18


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