Summary: June quarter wages grow by 0.7%, slightly below expectations; annual growth rate speeds up from 2.4% to 2.6%; wage response “quite weak” given underutilisation rate; far from wages breakout; private sector wages up 2.7% over year, public sector up 2.4%; underutilisation rate implies higher wage growth. After unemployment increased and wage growth slowed during the GFC, a resources investment boom prompted a temporary recovery back to nearly 4% per...