Australia's seasonally adjusted wage price index rose by 2.3 percent year-on-year in the three months to March 2019, the same pace as in the previous period and matching market expectations. Both wages in the public sector and in the private went up by 2.4 percent. In original terms, wage rises ranged from 1.8 percent for construction and information media & telecommunication services to 3.0 percent for health care & social assistance. On a quarterly basis, wages went up 0.5 percent, unchanged from the prior period and slightly below market consensus of a 0.6 percent gain. Wage Growth in Australia averaged 3.22 percent from 1998 until 2019, reaching an all time high of 4.30 percent in the second quarter of 2008 and a record low of 1.90 percent in the third quarter of 2016.

Wage Growth in Australia is expected to be 2.30 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 3.20 in 12 months time. In the long-term, the Australia Annual Change in Hourly Rates of Pay is projected to trend around 3.30 percent in 2020, according to our econometric models.

Australia Annual Change in Hourly Rates of Pay
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Calendar GMT Actual Previous Consensus TEForecast
2019-02-20 12:30 AM Wage Price Index YoY Q4 2.3% 2.3% 2.3% 2.2%
2019-02-20 12:30 AM Wage Price Index QoQ Q4 0.5% 0.6% 0.6% 0.5%
2019-05-15 01:30 AM Wage Price Index QoQ Q1 0.5% 0.5% 0.6% 0.5%
2019-05-15 01:30 AM Wage Price Index YoY Q1 2.3% 2.3% 2.3% 2.3%
2019-08-15 01:30 AM Wage Price Index YoY Q2 2.3% 2.3%
2019-11-14 12:30 AM Wage Price Index YoY Q3


Australia Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.20 5.20 11.20 4.00 percent [+]
Employed Persons 12871.67 12871.20 12871.67 5997.67 Thousand [+]
Unemployed Persons 711.49 704.93 960.05 364.68 Thousand [+]
Part Time Employment -20625.00 42183.00 72505.00 -73138.00 Persons [+]
Full Time Employment 21096.00 3099.00 74800.00 -80829.00 Persons [+]
Employment Change 471.00 45283.00 99144.00 -74897.00 Persons [+]
Labor Force Participation Rate 66.00 66.00 66.00 60.10 percent [+]
Youth Unemployment Rate 12.00 11.90 20.10 7.60 percent [+]
Productivity 99.90 100.20 104.21 55.70 Index Points [+]
Labour Costs 103.80 103.60 103.80 44.10 Index Points [+]
Job Vacancies 243.20 244.90 244.90 28.40 Thousand [+]
Job Advertisements 159717.11 152736.83 258085.03 69798.90 [+]
Wages 1225.30 1207.40 1225.30 59.10 AUD/Week [+]
Wages In Manufacturing 1340.30 1304.50 1340.30 333.00 AUD/Week [+]
Wage Growth 2.30 2.30 4.30 1.90 percent [+]
Minimum Wages 740.80 719.20 740.80 522.12 AUD/week [+]
Population 25.18 24.70 25.18 10.39 Million [+]
Retirement Age Women 65.50 65.50 65.50 62.00 [+]
Retirement Age Men 65.50 65.50 65.50 65.00 [+]
Living Wage Family 2790.00 2920.00 2920.00 2770.00 AUD/Month [+]
Living Wage Individual 1770.00 1820.00 1820.00 1750.00 AUD/Month [+]
Wages Low Skilled 2710.00 2670.00 2710.00 2670.00 AUD/Month [+]
Wages High Skilled 6120.00 6250.00 6250.00 6120.00 AUD/Month [+]
Employment Rate 62.50 62.60 62.90 54.00 percent [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2.30 2.30 4.30 1.90 1998 - 2019 percent Quarterly
2008-2009= 100; SA




Country Last Previous
Argentina 2.77 Apr/19
Australia 2.30 Mar/19
Canada 2.90 Apr/19
Euro Area 2.50 Mar/19
France 0.80 Mar/19
Germany 1.20 Mar/19
Italy 1.60 May/19
Japan -0.20 May/19
Netherlands 2.34 Jun/19
Russia 2.30 Jun/19
Spain 4.62 May/19
Switzerland 0.50 Mar/19
United Kingdom 3.40 May/19
United States 3.59 May/19


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