Hourly pay rates increase in June
Total hourly rates of pay, excluding bonuses, rose 0.8 percent in the June quarter, according to the latest ABS statistics.
The figure is in line with the market forecasts of 0.8 percent. Increases were felt across a number of industries, ranging from retail trade and accommodation, cafes and restaurants (0.2 percent) to construction (1.2 percent).
CommSec chief economist Craig James said the figures were good news for both employers and employees.
The index measures movement in underlying wages by calculating the change in the wage and salary cost of a basket of jobs.
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