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According to the most recent CommBank Wage Insights, Australia’s wage growth is steady amid growing prices and uncertainty across the world.
Wages rose by 0.8% in the three months leading up to March 2026, with annual growth remaining at 3.1%, according to de-identified data from about 400,000 accounts.
This implies that since mid-2025, wage growth has stabilised at 3.1–3.2%, with no discernible reaction to the challenging labour market conditions.
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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.