Markets

Your 10-second guide to today’s key Australian wages report

Australia’s March quarter Wage Price Index (WPI) will be released on Wednesday. Given the implications wage growth has for household income and spending, and with itbroader economic growth (as household consumption accounts for nearly 60% of Australian GDP) the WPI is one of the most important data releases in Australia, […]
Your 10-second guide to today’s key Australian wages report
Markets

Australian job ads are still falling, pointing to a slowdown in hiring ahead

Australian online job advertisements continued to fall in April, although the pace was substantially slower than in prior months. Online job ads, as measured by ANZ’s jobs index, have fallen 5.6%, an outcome that points to slower employment growth and an unchanged unemployment rate. Should unemployment and underemployment fail to […]
Australian job ads are still falling, pointing to a slowdown in hiring ahead
Markets

Job losses, falling wages and less work: The most important business sector in Australia just delivered another horrible report card

Employment and wages growth across Australia’s services sector — the largest employer in the country — went backwards in April. New orders continued to decline while margin pressures remained intense. Sales remained weak. Firms said slow wage growth, tight consumer discretionary spending, and competition from abroad is making it difficult […]
Job losses, falling wages and less work: The most important business sector in Australia just delivered another horrible report card
Markets

Here’s what the average Australian salary is per week

Average Australian full-time ordinary earnings grew by 2.4% in the year to November. Including all workers and payments, average weekly earnings stood at $1,225. Men still get paid more than women on average, although earning for women grew faster over the year. Public sector average earnings are still higher and […]
Here’s what the average Australian salary is per week
Markets

Australian wages are still going nowhere

Australian wage growth decelerated unexpectedly in the December quarter, leaving the increase over the year steady at 2.3%. Private sector wages was a bright spot with the quarterly and year-ended increase in wages the fastest since 2014. Victoria and New South Wales — where unemployment rates are already very low […]
Australian wages are still going nowhere
Markets

Your 10-second guide to today’s crucial Australian wage report

Australia’s December quarter Wage Price Index (WPI) will be released later today. Given the implications for household spending, broader economic growth, labour market conditions and the outlook for inflation and official interest rates, the WPI is now arguably the most important data release in Australia, especially at time when financial […]
Your 10-second guide to today’s crucial Australian wage report
Markets

Macquarie outlines a solution that could ease pressure on the RBA to cut rates

The RBA expects the Australian economy will grow above 3% per annum over the next three years, helping to lower unemployment and boost wage and inflationary pressures. Macquarie Bank says those optimistic forecasts are unlikely to be achieved, predicting growth will undershoot by some margin, making progress in achieving those […]
Macquarie outlines a solution that could ease pressure on the RBA to cut rates
Markets

This chart is an early Christmas present to Australian workers

Annual average wage growth in Australian EBAs struck in the September quarter hit 3.2%, nearly double the pace of inflation. The proportion of sectors recording average annual increases of more than 3% is also lifting, a good sign for wage pressures as EBAs cover around a third of all workers. […]
This chart is an early Christmas present to Australian workers
Markets

New South Wales appears to be rewriting the economic textbooks

When unemployment falls wage pressures tend to rise, unless you live in New South Wales. New analysis from Macquarie shows the level of unemployment in NSW doesn’t have a meaningful impact on wage growth. It does, however, in other Australian states. Unemployment in NSW sits at 4.4%, a decade-low. Participation […]
New South Wales appears to be rewriting the economic textbooks
Markets

Here’s what economists are saying about Australia’s wage report

Australian wage growth continued to lift in the year to September, increasing at the fastest pace in three years. Most economists say unemployment will need to fall a lot further in order to boost wage growth by a meaningful amount. All suggest today’s data is unlikely to prompt an earlier-than-expected […]
Here’s what economists are saying about Australia’s wage report
Markets

Wage growth hits a 3-year high

Australian annual wage growth hit the highest level in three years in the September quarter, helped by modest gains for both private and public sector workers. Improved labour market conditions, along with a hefty increase in Australia’s minimum wage rate, saw wages increase by 0.62% in the quarter, the largest […]
Wage growth hits a 3-year high
Markets

Your 10-second guide to today’s key Australian wage report

Australia’s September quarter Wage Price Index (WPI) will be released later today. Given its implications for household spending, broader economic growth, labour market conditions and the outlook for inflation and official interest rates, the WPI is now arguably the most important data release in Australia, particularly at a time when […]
Your 10-second guide to today’s key Australian wage report