Wages growth in Australia
16 May 2015 by News Desk
Average wages in Australia have increased by 2.3% in the past 12 months.
Wages growth in the first three months of 2015 rose slightly by 0.05%, according to the Australian Bureau of Statistics (ABS) in its latest Wage Price Index (WPI) report. Q1 2015 saw the lowest rate of wages growth since the series began in 1998.
Private sector seasonally adjusted wage growth in the March quarter was 0.4 per cent and Public sector wages grew 0.5 per cent. Over the last year Public sector wages grew at a faster rate than the Private sector, 2.4 per cent compared to 2.2 per cent.
Wages growth across most industries has slowed in the March quarter 2015. The smallest quarterly rise across all industries was the Administrative and support services industry, where wages rose 0.1 per cent.
The Education & training industry had the largest quarterly wage rise of all industries, 1.0 per cent in the March quarter 2015. Even so, this result was the lowest March quarter wage growth for Education and training since March quarter 2002.
