Where is wage growth falling fastest?

Monday 18 November 2013

Find attached a useful note from Westpac with more detail of last week’s ABS Wage Price release. It documents where and in which sectors wage growth is turning down most swiftly.

The two winners are utilities and, strangely, South Australia. The two losers are professional, scientific & technical jobs and, strangely, NSW.

How are those house price to income ratios travelling one wonders.

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.