The Australian Bureau of Statistics (ABS) has just released its Wage Price Index for the June quarter of 2015, which revealed a continuation of soft wages growth across the economy, with annual wages growth also tracking at the lowest rate in the series’ near 17 year history (see below charts).
According to the ABS, wages grew by 0.58% (both s.a. and trend) in the June quarter. Private sector wages grew by 0.50% (both s.a. and trend) over the quarter, whereas public sector wages grew by 0.66% (s.a.) and 0.57% (trend).
