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Australia Wage Growth

Last Release
Sep 30, 2022
Actual
3.1
Units In
%
Previous
2.6
Frequency
Quarterly
Next Release
N/A
Time to Release
N/A
Highest
Lowest
Average
Date Range
Source
4.3
Jun 2008
1.4
Sep 2020
3.06 %1998-2022Australian Bureau of Statistics
In Australia, wage growth measures the annual change in hourly rates of pay excluding bonuses for both public and private sector.

Latest Updates

Australia's seasonally adjusted wage price index increased by 3.1% yoy in Q3 of 2022, accelerating from a 2.6% gain in Q2, above market forecasts of 3.0%. This was the highest reading since Q1 of 2013, amid further improvement in business conditions in the wake of the COVID pandemic. Wages in the private sector quickened to 3.4%, the highest since Q4 of 2012; while those in public went up for the fifth straight quarter (2.4% vs 2.4%). In original terms, the retail trade industry recorded the highest annual growth at 4.2%, followed by rental hiring and real estate services (4.0%), wholesale trade (3.8%), financials and insurance services (3.7%), manufacturing (3.6%), media & telecommunications (3.5%), other services (3.5%), construction (3.4%), utilities (2.9%), transport, postal and warehousing (2.5%), and education (2.2%).

Australia Wage Growth History

Last 12 readings

Australia Labour Indicators

All Australia indicators
Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
Employment Change
-14,640
Dec 2022
58,271
Nov 2022
-591,769
Apr 2020
366,100
Nov 2021
PersonsMonthly1978-2022
Employment Rate
64.3
Dec 2022
64.5
Nov 2022
54
Apr 1983
64.5
Nov 2022
%Monthly1978-2022
Full Time Employment
17,566
Dec 2022
33,279
Nov 2022
-225,366
Apr 2020
128,300
Nov 2021
PersonsMonthly1978-2022
Job Advertisements
239,999.54
Sep 2022
241,286.95
Aug 2022
54,636.46
May 2020
255,892.88
Apr 2008
Monthly1999-2022
Job Vacancies
444.2
Dec 2022
470.9
Sep 2022
26.8
Sep 1982
480.1
Jun 2022
ThousandQuarterly1979-2022
Labor Force Participation Rate
66.6
Dec 2022
66.8
Nov 2022
60.1
Apr 1983
66.8
Jun 2022
%Monthly1978-2022
Labour Costs
110.7
Sep 2022
107.6
Jun 2022
42.1
Sep 1985
110.7
Sep 2022
PointsQuarterly1985-2022
Minimum Wages
812.5
Jul 2022
772.6
Jul 2021
522.12
Oct 2007
812.5
Jul 2022
AUD/weekYearly2007-2022
Part Time Employment
-32,206
Dec 2022
24,991
Nov 2022
-366,403
Apr 2020
251,833
Jun 2020
PersonsMonthly1978-2022
Population
25.77
Dec 2021
25.68
Dec 2020
10.39
Dec 1960
25.77
Dec 2021
MillionYearly1960-2021
Productivity
100.1
Sep 2022
102.3
Jun 2022
55.3
Jun 1979
104.9
Mar 2022
PointsQuarterly1978-2022
Retirement Age Men
66.5
Dec 2022
66.5
Dec 2021
65
Dec 2009
66.5
Dec 2021
Yearly2009-2022
Retirement Age Women
66.5
Dec 2022
66.5
Dec 2021
62
Dec 2009
66.5
Dec 2021
Yearly2009-2022
Unemployed Persons
499.79
Dec 2022
493.97
Nov 2022
364.69
Jun 1981
1,007.9
Jul 2020
ThousandMonthly1978-2022
Unemployment Rate
3.5
Dec 2022
3.5
Nov 2022
3.4
Jul 2022
11.2
Dec 1992
%Monthly1978-2022
Wage Growth
3.1
Sep 2022
2.6
Jun 2022
1.4
Sep 2020
4.3
Jun 2008
%Quarterly1998-2022
Wages
1,344.7
Jun 2022
1,328.9
Dec 2021
59.1
Sep 1969
1,344.7
Jun 2022
AUD/WeekQuarterly1969-2022
Wages In Manufacturing
1,464.5
Jun 2022
1,462
Dec 2021
333
Dec 1983
1,464.5
Jun 2022
AUD/WeekQuarterly1983-2022
Youth Unemployment Rate
7.72
Nov 2022
7.28
Oct 2022
7.03
Jul 2022
20.1
Oct 1992
%Monthly1978-2022

Wage Growth across Pacific

Wage Growth global view
Country
Last
Previous
Min
Max
Unit
Frequency
Range
Australia
3.1
Sep 2022
2.6
Jun 2022
1.4
Sep 2020
4.3
Jun 2008
% Quarterly1998-2022

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