Pay increases slow again; “yet to see low point”

18 November 2020

 

Summary: September quarter wage growth slows again; annual growth rate closer to 1% than 2%; public sector support for higher wages “fading”; wages in private sector increase by 1.2% over year, public sector up by 1.8%; ABS underutilisation rate points to continued slowdown.   After unemployment increased and wage growth slowed during the GFC, a resources investment boom prompted a temporary recovery back to nearly 4% per annum. However, from...

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