Disappointing wage growth misses Budget forecasts again

The Australian Bureau of Statistics (ABS) has just released its Labor Price Index for the June quarter of 2019, which revealed more disappointing wages growth:

According to the ABS, wages grew by just 0.61% (s.a.) and 0.53% (trend) in the June quarter. Private sector wages grew by 0.54% (both s.a. and trend) over the quarter, whereas public sector wages grew by 0.82% (s.a. ) and 0.60% (trend).

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