Australia’s wage growth slows as public sector outpaces private for first time since 2020

Australia’s wage growth softened in Q3, with the Wage Price Index rising by 0.8% qoq, slightly missing the forecast of 0.9%. On an annual basis, wage growth slowed from 4.1% yoy to 3.5% yoy, falling short of the expected 3.6% yoy and marking the lowest annual increase since Q4 2022. This deceleration follows four consecutive […]

The post Australia’s wage growth slows as public sector outpaces private for first time since 2020 appeared first on Action Forex.