40.2 C
Friday, November 27, 2020

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

Must Read

Gladys Berejiklian grants scandal: Documents from NSW Premier’s office handed over to parliament

Pressure is mounting on Gladys Berejiklian over a grant scandal after documents her office destroyed were recovered and handed over to parliament.Documents the...

South Australia prepares to lift strict lockdown early after man’s lie to contact tracers was uncovered

Locked down South Australians will be allowed more freedom when more restrictions are lifted from midnight on Saturday.More restrictions are set to ease...
The Indian Telegraphhttps://theindiantelegraph.com.au/
Established in 2007, The Indian Telegraph is a multi award winning digital media company based in Australia.
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”.

- Advertisement -

Latest News

Kylie Moore-Gilbert arrives in Australia after being launched from Iranian jail

Kylie Moore-Gilbert has lastly arrived again house in Australia after being imprisoned in Iran for greater than 800 days over allegations of espionage.Kylie...

Film about Thai cave rescue to be filmed on Gold Coast

An Oscar winner will head to Queensland to re-tell the story of the daring rescue of the crew of Thai soccer gamers from...

Safari Palace: Lady killed in tractor incident at Perth tomato farm

A feminine employee has been killed after an incident with a tractor at a Perth tomato farm.A girl aged in her 60s has...

Templers, SA: Hearth crews comprise grass fireplace close to Barossa Valley

Crews have contained a grass fireplace burning close to the Barossa Valley wine area in South Australia, however residents are being warned to...

ICAC slams NSW authorities over water administration

The corruption watchdog has taken swipes at NSW’s water administration, saying irrigators ‘seem favoured’ over environmentalists.A pair of corruption probes into NSW water...