More signs Aussie wage growth has peaked

Friday 25 November 2022

Earlier this week, SEEK published data showing that job ads have fallen for five consecutive months:

Now SEEK’s advertised salary index (ASI) shows that salary growth “is no longer accelerating” and “nearing a peak”, with annual growth down from its peak earlier this year:

Commenting on the result, SEEK senior economist, Matt Cowgill, said the data suggests a “wage-price spiral” is unlikely:

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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.