Weak wages growth again shatters Budget forecasts

Wednesday 20 February 2019

The Australian Bureau of Statistics (ABS) has just released its Labor Price Index for the December quarter of 2018, which revealed more disappointing wages growth:

According to the ABS, wages grew by just 0.54% (s.a.) and 0.54% (trend) in the December quarter. Private sector wages grew by 0.62% (both s.a. and trend) over the quarter, whereas public sector wages grew by 0.60% (both s.a. and trend).

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

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.