The Wage Price Index measures changes in the price of labour services resulting from market pressures, and is unaffected by changes in the quality or quantity of work performed. It is unaffected by changes in the composition of the labour force, hours worked, or changes in characteristics of employees (e.g. work performance). Information about the wage price indexes has been released for each quarter since September 1997. Individual indexes are published for various combinations of state and territory, public and private sectors, and broad industry groups.
The seasonally adjusted Wage Price Index (WPI) rose 0.5 per cent in March quarter 2017 and 1.9 per cent over the year, according to figures released today by the Australian Bureau of Statistics (ABS).
The WPI, seasonally adjusted, has recorded quarterly wages growth in the range of 0.4 to 0.6 per cent for the last 12 quarters (from June quarter 2014).
Seasonally adjusted, private sector wages rose 1.8 per cent and public sector wages grew 2.4 per cent through the year to March quarter 2017.
In original terms, through the year wage growth to the March quarter 2017 ranged from 0.6 per cent for the mining industry to 2.3 per cent for public administration and safety, education and training, and health care and social assistance industries.
Western Australia recorded the lowest through the year wage growth of 1.2 per cent and Tasmania the highest of 2.3 per cent.
SOURCE: Australian Bureau of Statistics. “Wages Grow 0.5 per cent Seasonally Adjusted” ABS No. 6345.0, 17 May 2017.
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