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wages growth

Sunday, December 03

Not quite pay day: Lower than expected wages growth offers slim rates hope

Wages have improved again but by less than expected, lifting 3.3 per cent annually in the December quarter.

Wages on the rise for third straight quarter, but still trail inflation

Wages have lifted for the fourth quarter in a row, growing 3.1 per cent annually in the September quarter.

Prime Minister Anthony Albanese. (AAP Image/Darren England)

Get used to cost of living pressures - your next pay rise won't be for two more years

Workers will wait two more years for a lift in real wages after the Albanese government’s first budget warned inflation would outstrip pay growth until 2024/25.

RBA pulls the trigger: More interest rises ahead, inflation to stay higher until mid-2024

The Reserve Bank has lifted official interest rates to 0.35 per cent and confirmed that more increases would occur in the near future.

Rate rise on cards, but bank boss says not before wages increase

Reserve Bank governor Philip Lowe has not ruled out an interest rate increase this year, but he still wants to see higher wages growth before pulling the trigger.

Bank warns workers will move on if wages don't increase

Incidents of industrial action in Australia are now now at their highest level in three years, but are not yet strong enough to lift overall wages, according to the ANZ.

Pump it up: Rates tipped to rise early as Reserve Bank drops 2024 target

The Reserve Bank has dropped its claim that interest rates would not rise before 2024, leaving economists tipping mortgage increases as early as next year.