Labour Costs in Australia increased to 100 points in the fourth quarter of 2020 from 92.50 points in the third quarter of 2020. source: Australian Bureau of Statistics

Labour Costs in Australia averaged 74.06 points from 1985 until 2020, reaching an all time high of 102.50 points in the fourth quarter of 2019 and a record low of 42.10 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 May of 2021.

Labour Costs in Australia is expected to be 102.00 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 114.09 in 12 months time. In the long-term, the Australia Labour Costs is projected to trend around 110.00 points in 2022, according to our econometric models.

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Australia Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
100.00 92.50 102.50 42.10 1985 - 2020 points Quarterly
SA, 2018-2019 = 100

Australia Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.60 5.80 11.20 4.00 percent [+]
Employed Persons 13077.59 13006.89 13077.59 5997.66 Thousand [+]
Unemployed Persons 778.09 805.20 1007.90 364.69 Thousand [+]
Part Time Employment 91505.00 -478.00 252307.00 -370036.00 Persons [+]
Full Time Employment -20799.00 89149.00 96411.00 -236883.00 Persons [+]
Employment Change 70706.00 88671.00 226738.00 -606919.00 Persons [+]
Labor Force Participation Rate 66.30 66.10 66.30 60.10 percent [+]
Youth Unemployment Rate 11.80 12.90 20.10 7.60 percent [+]
Labour Costs 100.00 92.50 102.50 42.10 points [+]
Productivity 102.50 102.90 104.00 55.20 points [+]
Job Vacancies 288.70 254.40 288.70 26.80 Thousand [+]
Job Advertisements 196611.66 190542.00 255912.00 64870.00 [+]
Wages 1280.30 1304.70 1304.70 59.10 AUD/Week [+]
Wages In Manufacturing 1458.00 1381.30 1458.00 333.00 AUD/Week [+]
Wage Growth 1.40 1.40 4.30 1.40 percent [+]
Minimum Wages 753.80 740.80 753.80 522.12 AUD/week [+]
Population 25.68 25.60 25.68 10.39 Million [+]
Retirement Age Women 66.00 66.00 66.00 62.00 [+]
Retirement Age Men 66.00 66.00 66.00 65.00 [+]
Employment Rate 62.60 62.30 62.90 54.00 percent [+]