Wage growth eased markedly in Q3, as workers in the awards system received much smaller pay hikes than last year. Although wage growth should ease further in the coming quarters, the ongoing weakness in productivity means that unit labour cost growth won't be consistent with the RBA's 2-3% inflation target for a while to come.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.