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Australia’s Q4 wage growth came in softer than expected, according to data released today by the Australian Bureau of Statistics (ABS).
Wages grew 0.8% over the December quarter, below the 1% expected by economists.
In turn, annual wages grew by 3.3%, below the 3.5% expected.
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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.
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