ABS Update: Wages rise 0.5%

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The ABS showed the Wage Price Index (WPI) rose 0.5% in the March quarter 2019 and 2.3% over the year. Private sector wage growth was recorded at 0.5% and the public sector was 0.4% in the March quarter 2019.

Annual wages in seasonally adjusted terms grew 2.3% for the third quarter in a row. The main contributors to growth over the quarter were regularly scheduled wage rises in healthcare, social assistance and education and training industries. This was also the case in the previous March quarter.

In original terms, annual wages growth to the March quarter 2019 by industry ranged from 1.8% for construction and the information, media and telecommunication services industries, to 3.0% for healthcare and social assistance.

Western Australia came in the lowest throughout the year with a wage growth of 1.6% while Victoria recorded the highest at 2.7%.

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