The Australian Bureau of Statistics (ABS) has just released its Wage Price Index for the March quarter of 2017, which revealed a continuation of weak wages growth across the economy, with annual wages growing at the lowest rate in the series’ 19 year history:
According to the ABS, wages grew by 0.48% (both s.a. and trend) in the March quarter. Private sector wages grew by 0.48% (s.a.) and 0.40% (trend) over the quarter, whereas public sector wages grew by 0.55% (s.a.) and 0.63% (trend).
