Labour Costs in Australia increased to 104.70 points in the fourth quarter of 2019 from 104.10 points in the third quarter of 2019.

Labour Costs in Australia averaged 75.40 points from 1985 until 2019, reaching an all time high of 104.70 points in the fourth quarter of 2019 and a record low of 43.30 points in the third quarter of 1985. This page provides - Australia Labour Costs - actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Labour Costs - values, historical data and charts - was last updated on June of 2020. source: Australian Bureau of Statistics

Labour Costs in Australia is expected to be 105.47 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in Australia to stand at 107.11 in 12 months time. In the long-term, the Australia Labour Costs is projected to trend around 109.68 points in 2021 and 112.20 points in 2022, according to our econometric models.

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Australia Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
104.70 104.10 104.70 43.30 1985 - 2019 points Quarterly
SA, 2007-2008=100

Australia Labour Last Previous Highest Lowest Unit
Unemployment Rate 6.20 5.20 11.20 4.00 percent [+]
Employed Persons 12418.71 13017.61 13017.61 5997.64 Thousand [+]
Unemployed Persons 823.28 718.83 960.16 364.69 Thousand [+]
Part Time Employment -373766.00 10141.00 72828.00 -373766.00 Persons [+]
Full Time Employment -220500.00 -9500.00 74800.00 -220500.00 Persons [+]
Employment Change -594300.00 700.00 99100.00 -594300.00 Persons [+]
Labor Force Participation Rate 63.50 66.00 66.20 60.10 percent [+]
Youth Unemployment Rate 13.80 11.50 20.10 7.60 percent [+]
Labour Costs 104.70 104.10 104.70 43.30 points [+]
Productivity 100.20 100.00 104.21 55.70 points [+]
Job Vacancies 226.50 237.10 244.90 28.40 Thousand [+]
Job Advertisements 63806.00 136106.00 258085.47 63806.00 [+]
Wages 1257.00 1237.90 1257.00 59.10 AUD/Week [+]
Wages In Manufacturing 1350.60 1338.30 1350.60 333.00 AUD/Week [+]
Wage Growth 2.10 2.20 4.30 1.90 percent [+]
Minimum Wages 740.80 719.20 740.80 522.12 AUD/week [+]
Population 25.60 25.18 25.60 10.39 Million [+]
Retirement Age Women 66.00 65.50 66.00 62.00 [+]
Retirement Age Men 66.00 65.50 66.00 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 59.60 62.50 62.90 54.00 percent [+]