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Money There's still no sign of a wage pickup in Australia

12:06  16 may  2018
12:06  16 may  2018 Source:   businessinsider.com.au

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Australia � s March quarter wage price index (WPI) has come in below expectations. According to the Australian Bureau of Statistics (ABS), hourly wage growth excluding bonuses rose by 0.47% in the March quarter, missing expectations for an increase of 0.6%.

Australia ’ s March quarter wage price index (WPI) has come in below expectations, casting renewed doubt over the ability of wages to help boost household spending and inflationary As seen in the chart above, after a modest pick - up in 2017, there are few signs that wage growth is accelerating.

a man holding a sign posing for the camera© Provided by Business Insider Inc

Australia's March quarter wage price index (WPI) has come in below expectations.

According to the Australian Bureau of Statistics (ABS), hourly wage growth excluding bonuses rose by 0.5% in the March quarter, missing expectations for an increase of 0.6%.

The December quarter WPI was also revised lower to a gain of 0.5%, below the 0.6% rate originally reported.

The WPI measures changes in ordinary hourly rates of pay, not the amount of hours worked or compositional changes in the workforce. Just hourly wage rates excluding bonuses.

"Wage growth in the March quarter 2018 continues a period of subdued first quarter rises, primarily driven by regular increases in the Education and training and Health care and social assistance industries," said ABS Chief Economist Bruce Hockman.

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Margaret, and other workers like her across the private and public sector in Australia , live on the frontline of low wages growth in Australia , where workers Striking Australian Paper workers outside the factory in Preston. Photograph: Meredith O'Shea for the Guardian. The year wages stood still .

Laura Meek, who came to Australia as a backpacker from Scotland in 2015, tells Guardian “ There ’ s a role for the compliant businesses to help highlight the issue by having a big sign out the front “We chose to open a cafe, we chose to work in this industry there is no excuse for wage theft,” he says.

Despite the downside miss, the annual rate held steady at 2.1%.

The RBA doesn't sound very confident about the outlook for Australian wages

  The RBA doesn't sound very confident about the outlook for Australian wages RBA banking on wage growth to boost economic growth and lift inflationary pressures. Not confident it will pick up by any meaningful amount in the period ahead.That was clear to see in a speech delivered today by RBA deputy governor Guy Debelle, in which he all but admitted the risks for the bank's wage growth outlook are currently to the downside.

Classifieds. Directory. Login Sign up . There ’ s a federal minimum wage in Australia , which in 2004 was 7.40 per week (the unions are lobbying for it to be raised to 4), but most job sectors are bound by ‘award’ wages , which are set for different industries, professions and trades through a

Terra Australis still saw occasional usage, such as in scientific texts.[N 5] The name Australia was Since the election of the Whitlam Government in 1972,[92] there has been an increasing focus in foreign they spoke an Indigenous language at home.[261] Australia has a sign language known as

However, that masked some unwelcome news for those working in the private sector workers, the largest employer in Australia.

The ABS said private sector wages grew by just 1.9%, the same pace as consumer price inflation over the same period.

That means for the vast majority of workers, real wage growth went nowhere over the year.

In comparison, public sector wages outperformed, lifting by 2.3% over the year.

Without seasonal adjustments, the ABS wage growth over the year ranged from 1.4% in the mining industry to 2.7% for health care and social assistance workers.

Victorian and Tasmanian workers received the largest increase over the year at 2.3%. At the other end of the spectrum, those workers in the Northern Territory saw their average wage lift by just 1.1, the weakest level across the country.

More to follow...

Australia's bank note printers heed wage call - and strike .
<p>The RBA declined to comment on an ongoing matter.</p>With wage growth in Australia crawling around the slowest pace on record, Reserve Bank of Australia (RBA) Governor Philip Lowe recently called on workers to demand fatter pay hikes.

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