Australian wage growth continued to rebound from record lows in the March quarter of 2021, according to new data released today by the Australian Bureau of Statistics (ABS).
Overall wages grew by only 1.49% in the 2020 calendar year, up from the December quarter’s 1.42% and up from the all-time low of 1.36% recorded in the year to September 2020.
The private sector recorded wage growth of only 1.43% in the year to March 2021, whereas the public service recorded 1.46% wage growth over the year (see next chart).
