Public servants drive employment and wage growth

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The ABS has released data on employment and earnings across the public service, which reveals that the number of Australians working across the public service increased by 3.0% between June 2018 and June 2019, with aggregate cash wages and salaries rising by 5.2% over the same period:

As shown above, the number of Australians working in the public service exceeded 2 million people for the first time, with most these working across state & territory governments, as well as across public administration, health and education:

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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.