Workers in some sectors have received one-off pay boosts as a tight labour market keeps pressure on wages. Firm growth in the wage price index is expected for the September quarter, following the 0.8 per cent quarterly increase in three months to June that was slightly below forecasts. Compared to a year earlier, the Australian Bureau of Statistics’ wage price index grew 3.6 per cent.
The central bank lifted interest rates by another 25 basis points in November and is open to hiking them again if inflation proves harder to bring down than expected. ABS labour force data due on Thursday will also be of interest to the central bank as it looks for signs its series of rate rises is cooling the economy. The jobs market has proved remarkably resilient to higher rates and high inflation, but fewer job vacancies and other indicators suggest it is starting to loosen.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Entertainment Entertainment Latest News, Entertainment Entertainment Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Australian Mums Create Special Journal for Adults After Success of Children's Edition7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Source: 7NewsAustralia - 🏆 11. / 71 Read more »
Best Picks favourite summer beauty and fashion finds leading into the warmer weather7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Source: 7NewsAustralia - 🏆 11. / 71 Read more »
AFL star Stephen Coniglio and wife Rebecca welcome beautiful baby into the world: ‘Blessed’7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Source: 7NewsAustralia - 🏆 11. / 71 Read more »
Home and Away Star Lynne McGranger Mourns the Death of Co-Star Johnny Ruffo7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Source: 7NewsAustralia - 🏆 11. / 71 Read more »
Student Suffers Serious Injuries in Ear Biting Incident at Sydney University College Bar7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Source: 7NewsAustralia - 🏆 11. / 71 Read more »
Australia to begin releasing detained refugees following landmark High Court decision7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Source: 7NewsAustralia - 🏆 11. / 71 Read more »