Hourly pay rates up 0.8% in Dec qtr
Market watch top headlines
Australian reports
- Aust markets: Aust stocks close higher
- Aust dollar report: $A higher but trading in narrow range
- Aust credit close: Aust bonds weaker after more good US data
World reports
- World commodities: Commodities markets summary
- World markets: International markets roundup
AAP
2013-02-20
Total hourly rates of pay, excluding bonuses, rose by a seasonally adjusted 0.8 per cent in the December quarter, official figures show.
The wage price index rose 3.4 per cent from a year earlier, the Australian Bureau of Statistics said on Wednesday.
The median market forecast was for a rise of 0.8 per cent in the December quarter.
In the September quarter, the index rose an unrevised 0.7 per cent.
The index measures movement in underlying wages by calculating the change in wage and salary cost across a range of occupations.
Copyright ©
Fairfax Digital
