The Australian Bureau of Statistics (ABS) has just released its Labor Price Index for the March quarter of 2019, which revealed more disappointing wages growth:
According to the ABS, wages grew by just 0.54% (s.a.) and 0.61% (trend) in the March quarter. Private sector wages grew by 0.54% (both s.a. and trend) over the quarter, whereas public sector wages grew by 0.45% (s.a. ) and 0.60% (trend).