Real wages resume falls

Wednesday 13 May 2015

As noted earlier, figures released today by the ABS revealed that Australian wages growth fell to the slowest pace on record (1997) in the March quarter, clocking it at only 2.3% (seasonally-adjusted and trend) over the year:

The news was also bad when adjusted for underlying inflation, with annual wages growth falling to -0.1% in the year to March in trend terms:

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.