The Attorney General’s Department has released its Trends in Federal Enterprise Bargaining Report for the June quarter of 2019, which reveals that private sector wage growth declined.
Specifically, wage increases in new private sector agreements fell from 2.9% to 2.8% in the June quarter:
By contrast, wage increases in new public sector wages rose by 0.2% to 2.6% in the June quarter, with total wage growth remaining flat at 2.7%.
For all 8,018 EBAs currently in force, wage growth also remained flat at 2.7%:
The next chart plots the quarterly changes in EBA wage increases, and suggests that overall wage growth is unlikely to rise:
However, the EBAs data suggests that private sector wage growth could moderate even further from current sluggish levels:
Not much joy here for Australian workers, with decent wage growth to remain evasive.