Australia’s wage growth slightly weaker than expected in June quarter
by Peter Hannam Economics correspondent from World news | The Guardian on (#6DVFJ)
The wage price index figures show that despite a tight labour market, there has not been a breakout in wage growth
Workers' wage growth accelerated at a slightly weaker than expected pace in the June quarter even as employers scrambled to hire staff in a tight labour market.
The wage price index for the June quarter rose 0.8% for the three months and 3.6% from a year earlier. Economists had forecast wages would increase 0.9% for the quarter and at an annual clip of 3.7%.
Continue reading...