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flag Australian wages saw an unexpected 3.4% annual boost, mainly driven by increases in public sector jobs.

flag Australian wages unexpectedly surged by 3.4% annually to March, surpassing forecasts of a 3.2% rise. flag The public sector led with a 3.6% annual wage increase, while private sector wages stayed steady at 3.3%. flag The boost was partly due to pay hikes in childcare and aged care. flag The Reserve Bank of Australia had predicted a 3.4% wage growth by June, and they will monitor the job market's impact on inflation.

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