Wed, 18 May 2016 08:55:12 GMT
Wage growth in Australia – slowest in over 20 years
Australian wage growth became significantly slower in Q1, showing the lowest levels in more than 20 years. The annual growth in the Australian Wage Price Index showed 2.1%, down from the final quarter of 2015, when wages displayed a 2.2% advance, a level last seen in 1997 when the series of data were first recorded. The quarterly WPI rose 0.4%,