Labour Costs in Australia decreased to 92.60 points in the third quarter of 2020 from 94 points in the second quarter of 2020. source: Australian Bureau of Statistics

Labour Costs in Australia averaged 75.87 points from 1985 until 2020, reaching an all time high of 104.80 points in the first quarter of 2020 and a record low of 43.30 points in the third quarter of 1985. This page provides - Australia Labour Costs - actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Labour Costs - values, historical data and charts - was last updated on January of 2021.

Labour Costs in Australia is expected to be 100.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in Australia to stand at 105.00 in 12 months time. In the long-term, the Australia Labour Costs is projected to trend around 114.09 points in 2021 and 110.00 points in 2022, according to our econometric models.

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Australia Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
92.60 94.00 104.80 43.30 1985 - 2020 points Quarterly
SA, 2007-2008=100

Australia Labour Last Previous Highest Lowest Unit
Unemployment Rate 6.80 7.00 11.20 4.00 percent [+]
Employed Persons 12860.70 12770.70 12999.96 5997.66 Thousand [+]
Unemployed Persons 942.10 959.40 1008.30 364.69 Thousand [+]
Part Time Employment 5800.00 81700.00 251875.00 -371435.00 Persons [+]
Full Time Employment 84200.00 97000.00 97000.00 -236000.00 Persons [+]
Employment Change 90000.00 180300.00 227800.00 -607400.00 Persons [+]
Labor Force Participation Rate 66.10 65.80 66.20 60.10 percent [+]
Youth Unemployment Rate 15.60 15.50 20.10 7.60 percent [+]
Labour Costs 92.60 94.00 104.80 43.30 points [+]
Productivity 100.20 100.00 104.21 55.70 points [+]
Job Vacancies 206.00 129.20 232.30 26.80 Thousand [+]
Job Advertisements 159156.00 145684.00 255930.00 64801.00 [+]
Wages 1304.70 1257.00 1304.70 59.10 AUD/Week [+]
Wages In Manufacturing 1381.30 1350.60 1381.30 333.00 AUD/Week [+]
Wage Growth 1.40 1.80 4.30 1.40 percent [+]
Minimum Wages 753.80 740.80 753.80 522.12 AUD/week [+]
Population 25.60 25.18 25.60 10.39 Million [+]
Retirement Age Women 66.00 65.50 66.00 62.00 [+]
Retirement Age Men 66.00 65.50 66.00 65.00 [+]
Employment Rate 61.20 60.40 62.90 54.00 percent [+]