Oooch! Wages Up, But Still Below Inflation!

Digital Finance Analytics (DFA) Blog

Nov 15 2023 | 00:08:35

00:00 / 00:08:35

Show Notes

Australian wages accelerated at the fastest pace in over 14 years in the three months through September and reached the Reserve Bank’s forecast peak, while still remaining well below the inflation rate. So in real terms average Australian wages continue to go backwards, against inflation at 5.4%. And productivity improvements are nowhere to be seen, as migration continues at a record pace and unit labour costs rise. The ABS says the Wage Price Index rose 4% in the third quarter from a year earlier, above economists’ expectations of 3.9% and matching the RBA’s forecast for year’s end, On a quarterly […]

Other Episodes

Episode 0

November 18, 2021 • 01:42:16

DFA Live Q&A: HD Replay - Steve Keen And Victor Kline - The Politics Of Economics [Podcast]

This is an edited version of our latest live Q&A as I discuss the intersection of Politics and Economics with Professor Steve Keen (he...

Episode

March 21, 2024 • 00:08:59

Wanted A Reliable Jobs Data Compass!

Australian employment soared in February and the jobless rate declined, highlighting the ongoing resilience of the nation’s labor market to restrictive monetary policy according...

Episode

May 24, 2024 • 01:16:55

Plenty Of Snakes: Not Many Ladders: With Tarric Brooker...

Another Friday chat with Tarric Brooker, as we look at the latest finance and property news, and the political context, as housing becomes more...