Australia's seasonally adjusted wage price index rose by 1.4 percent year-on-year in the third quarter of 2020, slowing from a 1.8 percent gain in the previous period and compared with market forecasts of 1.5 percent. This was the weakest growth on record, reflecting the impact of COVID-19 social and continued adjustment to the economic uncertainty. Both private sector wages (1.2 percent vs 1.7 percent in Q2) and public sector wages (1.8 percent vs 2.1 percent) grew at the softest pace since series began. Across industries, annual wage growth ranged from 0.5 percent for the accommodation and food services, and administrative and support services to 2.4 percent for financial and insurance services, and education and training. On a quarterly basis, the wage price index advanced 0.1 percent, the least on record, after a 0.2 percent rise in the June quarter. source: Australian Bureau of Statistics

Wage Growth in Australia averaged 3.16 percent from 1998 until 2020, reaching an all time high of 4.30 percent in the second quarter of 2008 and a record low of 1.40 percent in the third quarter of 2020. This page provides - Australia Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Annual Change in Hourly Rates of Pay - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.

Wage Growth in Australia is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wage Growth in Australia to stand at 2.30 in 12 months time. In the long-term, the Australia Annual Change in Hourly Rates of Pay is projected to trend around 2.30 percent in 2021, according to our econometric models.

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Australia Annual Change in Hourly Rates of Pay

Actual Previous Highest Lowest Dates Unit Frequency
1.40 1.80 4.30 1.40 1998 - 2020 percent Quarterly
2008-2009= 100; SA


Calendar GMT Actual Previous Consensus TEForecast
2020-08-12 01:30 AM Wage Price Index YoY Q2 1.8% 2.2% 1.9% 2%
2020-08-12 01:30 AM Wage Price Index QoQ Q2 0.2% 0.5% 0.3% 0.4%
2020-11-18 12:30 AM Wage Price Index QoQ Q3 0.1% 0.2% 0.2% 0.2%
2020-11-18 12:30 AM Wage Price Index YoY Q3 1.4% 1.8% 1.5% 1.6%
2021-02-24 12:30 AM Wage Price Index QoQ Q4 0.1% 0.3% 0.1%
2021-02-24 12:30 AM Wage Price Index YoY Q4 1.4% 1.1% 1.3%
2021-05-13 01:30 AM Wage Price Index YoY Q1
2021-05-13 01:30 AM Wage Price Index QoQ Q1
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News Stream
Australia Q3 Wage Growth at Record Low
Australia's seasonally adjusted wage price index rose by 1.4 percent year-on-year in the third quarter of 2020, slowing from a 1.8 percent gain in the previous period and compared with market forecasts of 1.5 percent. This was the weakest growth on record, reflecting the impact of COVID-19 social and continued adjustment to the economic uncertainty. Both private sector wages (1.2 percent vs 1.7 percent in Q2) and public sector wages (1.8 percent vs 2.1 percent) grew at the softest pace since series began. Across industries, annual wage growth ranged from 0.5 percent for the accommodation and food services, and administrative and support services to 2.4 percent for financial and insurance services, and education and training. On a quarterly basis, the wage price index advanced 0.1 percent, the least on record, after a 0.2 percent rise in the June quarter.
2020-11-18
Australia Q2 Annual Wage Growth Hit Record Low
Australia's seasonally adjusted wage price index rose by 1.8 percent year-on-year in the second quarter of 2020, slowing from an upwardly revised 2.2 percent gain in the previous period and compared with market forecasts of 1.9 percent. This was the weakest growth on record, capturing the first full period of COVID-19 social and business restrictions in the country. Both private sector wages (1.7 percent vs 2.1 percent in Q1) and public sector wages (2.1 percent vs 2.4 percent) grew the least since the series began. Across industries, annual wage growth ranged from 0.8 percent for the construction industry to 2.6 percent for the arts and recreation services industry. On a quarterly basis, the wage price index advanced 0.2 percent, the least on record, after a 0.5 percent rise in the March quarter.
2020-08-12
Australia Q1 Wage Prices Rise the Least in Nearly 2 Years
Australia's seasonally adjusted wage price index rose by 2.1 percent year-on-year in the first quarter of 2020, slowing from a 2.2 percent gain in the previous period and in line with forecasts. It was the weakest rise in wage prices since the second quarter of 2018, capturing the period shortly before restrictions were put in place to contain the spread of the coronavirus outbreak. Private sector wages grew 2.1 percent, the least since Q2 2018, easing from a 2.2 percent increase in the prior quarter, while public sector wages rose 2.4 percent, faster than a 2.2 percent gain. Across industries, annual wage growth ranged from 1.6 percent for the information media & telecommunication services industry to 3 percent for the health care & social assistance industry. Victoria recorded the highest through the year growth of 2.5 percent, while Western Australia recorded the lowest for the seventh straight quarter (1.8 percent). On a quarterly basis, the wage price index advanced 0.5 percent.
2020-05-13

Australia Annual Change in Hourly Rates of Pay
In Australia, wage growth measures the annual change in hourly rates of pay excluding bonuses for both public and private sector.