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Australia’s wage growth slows to 0.1pc due to pandemic impacts

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Australia’s wage growth slows to 0.1pc due to pandemic impacts


Australian wages are continuing to stagnate as a result of the economic impacts caused by the coronavirus-induced recession.

Australian wages are continuing to stagnate, with the latest growth figures revealing the damage caused by the coronavirus-induced recession.

Latest figures from the Australian Bureau of Statistics shows wages during the September quarter grew 0.1 per cent, denting the period of the year that traditionally experiences the largest rise in pays.

Pandemic lockdown measures had already caused wage growth in the June quarter to slow to 0.2 per cent.

Wages compared with the 2019 September quarter have grown 1.4 per cent.

ABS head of price statistics Andrew Tomadini blamed ongoing lockdowns and economic uncertainty for the subdued growth rates in wages.

“Organisations continued to adjust to the economic uncertainty, recording fewer end of financial year wage reviews and delaying enterprise bargaining agreement increases,” Mr Tomadini said.

“This led to a significantly reduced number of jobs recording wage rises when compared to previous September quarters.”

Private sector wages grew 0.1 per cent compared with the June quarter, while public sector wages increased 0.2 per cent over the period.

Administrative jobs had one of the largest falls in wages, while healthcare and transport industries experienced considerable increases.

Mr Tomadini said the quarter covered the extended lockdown period in Victoria that had impacted the state’s growth rate.

Victoria in the past 12 months to September had the lowest rise in wages, while west of the border South Australia recorded the largest growth in wages.

Mr Tomadini also noted “the staggered implementation schedule of the Fair Work Commission annual wage review moved some regular September quarter wage rises to later quarters”.

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