Second quarter Wage price index
0.5% q/q
– expected 0.5%, prior 0.4%
2.1% y/y
– expected 2%, prior 2.1%
The labour force has been growing in Australia. There has been (and its ongoing) a ‘transition’ from mining infrastructure investment to other sectors of growth. What this has meant for wages has been that highly paid mining investment related jobs have fallen, while other, lower paying, jobs have replaced them.