Wednesday, May 18, 2016

Feeling poorer? Wage growth hits fresh lows, ABS index shows

Wage growth has hit a fresh record low, with workers' pay rising just 0.4 per cent last quarter and 2.1 per cent over the past year.

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The latest seasonally adjusted Bureau of Statistics Wage Price Index is growing at the lowest level since the data began in the September quarter of 1998.

The weakness in pay rises is particularly evident in the private sector, where wages edged just 1.9 per cent higher over the year to the end of March.

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