The ABS Quarterly Labour Proce Index released this morning shows wages (excl bonus payments) rose 0.9% in the fourth quarter 2011 for an annual increase of 3.7%. This annual growth rate, while having fallen slightly from a year ago, remains at long term trend levels and is still well above the rate of inflation.
The data for Queensland shows wages there also rose 0.9% (q/q) and 3.7% (y/y).
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Economics Updates
A blog focussed on the Australian economy. Particular emphasis is given to Queensland and Far North Queensland data where available.
Wages grow 3.7% for the year Tweet
Pete Faulkner - Wednesday, February 22, 2012
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