RTTNews - Wages in Australia increased 4.1% in the twelve months to August, in spite of a weak labor market, a survey by the Melbourne Institute said Tuesday. This compares with a 3.3% growth seen in May, when the survey was last conducted.
Meanwhile, for the next 12 months, respondents expect the wage growth to slow to 3.2%.
The report said the Australian Capital Territory had the highest growth in total pay while Victoria had the lowest growth.
Looking ahead, respondents in New South Wales are the most optimistic about future wage rise, expecting 5.1% growth over the next 12 months.
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