Australia’s Annual Wage Growth Reduced To 2.1% In Q12020.

May 14, 2020 12:48 PM AEST
Team Kalkine

On 13 May 2020, ABS reported a growth in the seasonally adjusted Wage Price Index (WPI) by 0.5% in March 2020 quarter and 2.1% through the year.

The quarterly wage growth was stable at 0.5% in the previous 4 quarters.

Public sector wages when equated to the private sector improved to 0.4%.
The information media & telecommunication services industry witnessed annual wage growth of 1.6%. On the other hand, annual wage growth for health care & social assistance industry was 3%.
Victoria had the highest through the year growth of 2.5% while Western Australia’s growth remained at the lowest level for the seventh consecutive quarter at 1.8%.

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