Wages Rise 1.9% December Quarter 2016

Wages Rise 1.9% December Quarter 2016

Australian Bureau Of Statistics

Wages Growth Remains At Record Low

Victor P Taffa

Seasonally adjusted Wage Price Index (WPI) rose 1.9 % through the year to the December quarter 2016, according to figures released today by the Australian Bureau of Statistics (ABS).

This result equals the record low wages growth recorded in the September quarter 2016.

Seasonally adjusted, private sector wages rose 0.4 % and public sector wages grew 0.6 % in the December quarter 2016.

In original terms, through the year wage growth to the December quarter 2016 ranged from 1.0 % for mining to 2.4 % for health care and social assistance and education and training. Mining industry wage growth has continued to slow over the last 3 years.