Wages Up 0.5% In March Quarter 2019

Wages Up 0.5% In March Quarter 2019

Australian Bureau Of Statistics

Wages Rise 0.5% In The March Quarter 2019

Victor P Taffa

Seasonally adjusted Wage Price Index (WPI) rose 0.5 % in the March quarter 2019 and 2.3 % through the year, according to figures released today by the Australian Bureau of Statistics (ABS).

Seasonally adjusted private sector wage growth was 0.5 %, and 0.4 % for the public sector in the March quarter.

 

“Annual wages in seasonally adjusted terms grew 2.3 % for the third quarter in a row. The main contributors to growth over the quarter were regularly scheduled wage rises in the Health care and social assistance and Education and training industries, as was the case in the previous March quarter.” ABS Chief Economist Bruce Hockman said.

In original terms, annual wages growth to the March quarter 2019 by industry ranged from 1.8 % for Construction and the Information, media and telecommunication services industries to 3.0 % for Health care and social assistance.

Western Australia recorded the lowest through the year wage growth of 1.6 % while Victoria recorded the highest of 2.7 %.