Australia's seasonally adjusted wage price index rose by 2.2 percent year-on-year in the third quarter of 2019, compared to market expectations and the June's quarter figure of a 2.3 percent gain. This was the weakest rise in wage prices since the second quarter last year, with wages in the public and private sectors increasing by 2.2 percent and 2.5 percent, respectively. In original terms, annual wages growth ranged from 1.7 percent for information media and telecommunication services to 3.2 percent for health care and social assistance. Victoria recorded the highest through the year growth of 2.8 percent while Western Australia recorded the lowest of 1.6 percent for the fifth consecutive quarter. On a quarterly basis, wages advanced 0.5 percent in the September quarter, in line with forecasts. 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. source: Australian Bureau of Statistics

Wage Growth in Australia is expected to be 2.20 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 2.30 percent in 2020, according to our econometric models.

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Australia Annual Change in Hourly Rates of Pay

Actual Previous Highest Lowest Dates Unit Frequency
2.20 2.30 4.30 1.90 1998 - 2019 percent Quarterly
2008-2009= 100; SA



Calendar GMT Actual Previous Consensus TEForecast
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%
2019-11-13 12:30 AM Wage Price Index QoQ Q3 0.5% 0.6% 0.5% 0.6%
2019-11-13 12:30 AM Wage Price Index YoY Q3 2.2% 2.3% 2.3% 2.3%
2020-02-19 12:30 AM Wage Price Index QoQ Q4 0.5% 0.5%


News Stream
2019-08-14
Australia Q2 Wage Growth Unchanged at 2.3%
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.

2019-05-15
Australia Q1 Wage Prices Rise 2.3% YoY, Matches Estimates
Australia's seasonally adjusted wage price index rose by 2.3 percent year-on-year in the three months to March 2019, the same pace as in the previous period and matching market expectations. Both wages in the public sector and in the private went up by 2.4 percent. In original terms, wage rises ranged from 1.8 percent for construction and information media & telecommunication services to 3.0 percent for health care & social assistance. On a quarterly basis, wages went up 0.5 percent, unchanged from the prior period and slightly below market consensus of a 0.6 percent gain.

2019-02-20
Australia Wages Rise by 2.3% YoY in Q4
Australia's seasonally adjusted wage price index rose 2.3 percent year-on-year in the fourth quarter of 2018, the same as in the previous period and matching market expectations. Wages in the public sector went up by 2.5 percent and those in the private sector grew by 2.3 percent. In original terms, wage rises ranged from 1.6 percent for the telecommunication services to 2.8 percent for utilities and healthcare. On a quarterly basis, wages went up 0.5 percent, slightly below the previous period and market consensus of 0.6 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.

Australia Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.20 5.30 11.20 4.00 percent [+]
Employed Persons 12954.44 12919.19 12954.44 5997.67 Thousand [+]
Unemployed Persons 708.10 724.89 960.16 364.70 Thousand [+]
Part Time Employment 35698.00 -14319.00 72514.00 -73096.00 Persons [+]
Full Time Employment 4158.00 -10463.00 74789.00 -80833.00 Persons [+]
Employment Change 39856.00 -24782.00 99155.00 -74924.00 Persons [+]
Labor Force Participation Rate 66.00 66.00 66.20 60.10 percent [+]
Youth Unemployment Rate 11.50 12.50 20.10 7.60 percent [+]
Labour Costs 104.20 103.40 104.20 43.30 points [+]
Productivity 100.10 99.90 104.21 55.70 points [+]
Job Vacancies 237.10 236.50 244.90 28.40 Thousand [+]
Job Advertisements 142569.00 152817.00 258085.00 69799.00 [+]
Wages 1237.90 1225.30 1237.90 59.10 AUD/Week [+]
Wage Growth 2.20 2.30 4.30 1.90 percent [+]
Wages In Manufacturing 1338.30 1340.30 1340.30 333.00 AUD/Week [+]
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 High Skilled 6120.00 6250.00 6250.00 6120.00 AUD/Month [+]
Wages Low Skilled 2710.00 2670.00 2710.00 2670.00 AUD/Month [+]
Employment Rate 62.60 62.50 62.90 54.00 percent [+]