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Wage growth subdued in June Quarter 2016
The seasonally adjusted Wage Price Index (WPI) rose 0.5 per cent in the June quarter 2016 and 2.1 per cent over the year, according to figures released today by the Australian Bureau of Statistics (ABS).
This is the same result as in March quarter 2016.
Seasonally adjusted, private sector wages grew 0.5 per cent and public sector wages grew 0.6 per cent in the June quarter 2016. Through the year private sector wages grew 2.0 per cent and public sector wages grew 2.4 per cent.
The wholesale trade industry recorded the highest quarterly rise of 0.9 per cent in June quarter 2016 and the retail trade industry recorded the lowest quarterly rise of 0.1 per cent.
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