Labour Costs in Australia decreased to 94 points in the second quarter of 2020 from 104.80 points in the first quarter of 2020. source: Australian Bureau of Statistics

Labour Costs in Australia averaged 75.75 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 October of 2020.

Labour Costs in Australia is expected to be 106.34 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 96.16 in 12 months time. In the long-term, the Australia Labour Costs is projected to trend around 109.36 points in 2021 and 111.87 points in 2022, according to our econometric models.

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Australia Labour Costs

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

Australia Labour Last Previous Highest Lowest Unit
Unemployment Rate 6.90 6.80 11.20 4.00 percent [+]
Employed Persons 12571.91 12583.41 12999.96 5997.66 Thousand [+]
Unemployed Persons 937.45 926.19 1008.30 364.69 Thousand [+]
Part Time Employment -9400.00 116951.00 251875.00 -371435.00 Persons [+]
Full Time Employment -20100.00 12100.00 74800.00 -236000.00 Persons [+]
Employment Change -29500.00 129100.00 227800.00 -607400.00 Persons [+]
Labor Force Participation Rate 64.80 64.90 66.20 60.10 percent [+]
Youth Unemployment Rate 14.50 14.10 20.10 7.60 percent [+]
Labour Costs 94.00 104.80 104.80 43.30 points [+]
Productivity 100.20 100.00 104.21 55.70 points [+]
Job Vacancies 226.50 237.10 244.90 28.40 Thousand [+]
Job Advertisements 118424.35 109894.37 258088.47 63568.34 [+]
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 1.80 2.20 4.30 1.80 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 60.30 60.40 62.90 54.00 percent [+]