Reported 3 days ago
In the fourth quarter of 2024, Australian wages increased at the slowest rate in over two years, despite unemployment remaining low, indicating a decrease in inflationary pressure. The wage price index rose by only 0.7%, lower than expected, while annual wage growth fell to 3.2%. The Reserve Bank of Australia suggests that, while the labor market stays tight, wage growth may not intensify significantly, projecting a slight increase to 3.4% by year-end with public sector pay rises contributing to this change.
Source: YAHOO