Advertisement
The Attorney General’s Department has released its Trends in Federal Enterprise Bargaining Report for the September quarter of 2019, which reveals that wage growth continues to decline.
Specifically, wage increases in new private sector agreements fell from 2.9% to 2.8% in the September quarter:
By contrast, wage increases in new public sector wages rose by 0.1% to 2.6% in the September quarter, with total wage growth remaining flat at 2.7%.
Advertisement
The full text of this article is available to MacroBusiness subscribers
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.