Australian wage growth slowed to 0.8% in the June quarter, with annual pay growth at 4.1%.

Australian wage growth slowed to 0.8% in the June quarter, below the 0.9% forecast, with annual pay growth remaining steady at 4.1%. The private sector experienced a 0.7% increase, while public sector wages rose by 0.9%. The Reserve Bank of Australia maintained interest rates, expressing concern about ongoing high inflation.

August 13, 2024
6 Articles