A quick take on the Australian wage data: remains very weak ... real wages barely rising

Author: Eamonn Sheridan | Category: News

Comments from Shane Oliver at AMP

  • Wages growth looks have bottomed but remains very weak.
  • Hard to see much pick up when unemployment+underemployment remains around 14%.
  • Real wages barely rising

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And Callum Pickering, economist at Indeed
  • Real wages in Australia fell by 0.1% in the March quarter, to be 0.1% higher over the past year
  • - the slowest annual pace since the September quarter 2015.
  • It's now been more than 5-years since we last saw respectively real wage growth