Wages begin to soften

David Llewellyn-Smith

Monday 27 November 2023

The SEEK monthly wage growth indicator.

NATIONAL ADVERTISED SALARY TRENDS

Advertised salaries rose by 0.3% in October, a slowdown from the previous three months.
Year-on-year (y/y) advertised salary growth remains strong at 4.6%, but has slowed from the 4.8% recorded in both September and August.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.