Wages bump along the bottom

Wednesday, 17 August 2016

The June QTR wage price index is out and is bumping along the bottom registering new trend lows in the quarter for both public and private sectors at 0.4% and 0.5% respectively. Year on year growth was 1.9% for private and 2.3% for public while total was marginally improved at 2.1%:

With inflation so low we’re seen a little lift in real wages growth:

The ABS has detail:

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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.