New data from the federal Attorney-General’s department shows that 11.8% of workers in the private sector were covered by enterprises agreements in the September quarter. This compares with 13.5% in the previous quarter, and is the lowest coverage since 2017.
The report also shows that annual wage growth for new agreements approved in the September quarter fell:
Whereas for those agreements already in force, annual wage growth was flat:
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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.