Labour Costs in Australia increased to 104.20 Index Points in the third quarter of 2019 from 103.40 Index Points in the second quarter of 2019. Labour Costs in Australia averaged 75.19 Index Points from 1985 until 2019, reaching an all time high of 104.20 Index Points in the third quarter of 2019 and a record low of 43.30 Index Points in the third quarter of 1985. source: Australian Bureau of Statistics
Labour Costs in Australia is expected to be 104.62 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 106.70 in 12 months time. In the long-term, the Australia Labour Costs is projected to trend around 111.67 points in 2020, according to our econometric models.