Australia's seasonally adjusted wage price index increased by 3.7% yoy in Q1 of 2023, following an upwardly revised 3.4% growth in Q4 of 2022, and compared with market forecasts of a 3.6% gain. This was the highest reading since the third quarter of 2012, reflecting low unemployment, a tight labour market and high inflation. Wages in the private sector accelerated to 3.8%, the highest since Q2 of 2012; while those in the public one quickened to 3.0%, the highest since Q1 of 2013. In original terms, the wholesale trade and other services industries recorded the sharpest annual growth in over a decade at 4.4%, followed by professional, scientific & technical services (3.9%), administration and support services (3.8%), health care and social assistance (3.2%), education and training (3.1%), and public administration and safety (2.9%). On a quarterly basis, the wage price index rose by 0.8% for the second consecutive quarter in Q1, below the consensus of a 0.9% rise. source: Australian Bureau of Statistics

Wage Growth in Australia averaged 3.07 percent from 1998 until 2023, reaching an all time high of 4.30 percent in the fourth quarter of 2008 and a record low of 1.30 percent in the fourth 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 June of 2023.

Wage Growth in Australia is expected to be 3.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Annual Change in Hourly Rates of Pay is projected to trend around 3.20 percent in 2024 and 2.50 percent in 2025, according to our econometric models.

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Australia Annual Change in Hourly Rates of Pay



Calendar GMT Actual Previous Consensus TEForecast
2023-05-17 01:30 AM Wage Price Index YoY Q1 3.7% 3.4% 3.6% 3.5%
2023-05-17 01:30 AM Wage Price Index QoQ Q1 0.8% 0.8% 0.9% 0.8%
2023-08-15 01:30 AM Wage Price Index YoY Q2 3.7% 3.8%


Related Last Previous Unit Reference
Unemployment Rate 3.70 3.50 percent Apr 2023
Unemployed Persons 528.01 509.63 Thousand Apr 2023
Employed Persons 13882.13 13886.42 Thousand Apr 2023
Part Time Employment 22834.00 -21350.00 Persons Apr 2023
Full Time Employment -27132.00 82472.00 Persons Apr 2023
Employment Change -4300.00 61100.00 Persons Apr 2023
Labor Force Participation Rate 66.70 66.80 percent Apr 2023
Youth Unemployment Rate 8.60 7.80 percent Apr 2023
Productivity 97.80 98.20 points Mar 2023
Labour Costs 112.60 110.70 points Dec 2022
Job Vacancies 438.50 445.10 Thousand Mar 2023
Wages 1378.60 1344.70 AUD/Week Dec 2022
Wage Growth 3.70 3.40 percent Mar 2023
Wages in Manufacturing 1545.60 1464.50 AUD/Week Dec 2022
Population 25.77 25.68 Million Dec 2021
Employment Rate 64.20 64.40 percent Apr 2023

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.
Actual Previous Highest Lowest Dates Unit Frequency
3.70 3.40 4.30 1.30 1998 - 2023 percent Quarterly
2008-2009= 100; SA

News Stream
Australia Q1 Wage Growth Highest Since 2012
Australia's seasonally adjusted wage price index increased by 3.7% yoy in Q1 of 2023, following an upwardly revised 3.4% growth in Q4 of 2022, and compared with market forecasts of a 3.6% gain. This was the highest reading since the third quarter of 2012, reflecting low unemployment, a tight labour market and high inflation. Wages in the private sector accelerated to 3.8%, the highest since Q2 of 2012; while those in the public one quickened to 3.0%, the highest since Q1 of 2013. In original terms, the wholesale trade and other services industries recorded the sharpest annual growth in over a decade at 4.4%, followed by professional, scientific & technical services (3.9%), administration and support services (3.8%), health care and social assistance (3.2%), education and training (3.1%), and public administration and safety (2.9%). On a quarterly basis, the wage price index rose by 0.8% for the second consecutive quarter in Q1, below the consensus of a 0.9% rise.
2023-05-17
Australia Q4 Wage Growth Highest in a Decade
Australia's seasonally adjusted wage price index advanced by 3.3% yoy in Q4 of 2022, after an upwardly revised 3.2% rise in Q3 compared with market forecasts of a 3.5% gain. This was the highest reading since the corresponding period of 2012, amid further improvement in business conditions after the COVID pandemic. Wages in the private sector quickened to 3.6%, the highest since Q3 of 2012; while those in the public one accelerated to 2.5%, the highest since Q2 of 2019. In original terms, the wholesale trade industry recorded the sharpest annual growth since Q4 of 2012 at 4.2%, followed by manufacturing (4.0%), retail trade (3.9%), construction (3.8%), financial and insurance services (3.8%), professional, scientific and technical services (3.6%), accommodation and food services (3.5%), transport, postal and warehousing (3.3%), health care and social assistance (3.0%), public administration and safety (2.5%), and education and training industry (2.4%).
2023-02-22
Australia Q3 Wage Growth at 9-1/2-Year High
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%).
2022-11-16