Australia – Q4 Wage Price Index
– 0.5% for the q/q (vs. expected at 0.6%, prior was 0.6%)
& 2.2% y/y,
– expected 2.3%, prior was 2.3%
While employment growth has been strong, wage growth is relatively stable/slow. Many of the new jobs created are in the generally lower-paying service sectors. Still, stable/low wage growth is not going to be a handbrake on job creation and is a positive for keeping unemployment down.