Australia records 4.2% annual wage growth, outstripping inflation for the first time in three years

Treasurer says highest annual growth since 2009 encouraging' but expresses concern over non-compete clauses for employees

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Australia's wage growth nominally outstripped inflation for the first time in three years, the ABS reported on Wednesday.

Year-on-year, the wage price index recorded a 4.2% increase in the December quarter, and a 0.9% increase from the September data release.

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