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AU wage growth remains steady at 3.4 per cent, just ahead of inflation
Australian Bureau of Statistics (ABS) figures show workers received an average base pay increase of 3.4 per cent over the year to September, in line with the previous quarter and economist forecasts. That pay rise has again slightly outpaced consumer price inflation, which rose to 3.2 per cent over the same period. It means the average worker saw a small increase in their purchasing power. However, the annual pay increase was slightly down on the same period a year earlier, when workers saw their base pay packets rise 3.5 per cent on average. JP Morgan economist Tom Kennedy said workers could expect to see their real ... (full story)
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