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Wage growth

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RBA inflation jobs

Surprise 3.9 per cent unemployment rate erodes rate cut chance

Anthony Albanese is hoping for interest rate cuts before the 2025 election. But a strong jobs market makes a rate cut decision tougher for the RBA.

  • Shane Wright and Millie Muroi

Latest

Economists have expressed concern about Donald Trump’s tariff and mass deportation plans.

Reserve Bank ‘stands ready’ for Trump economic fallout

Economists are worried about the tariff plans of incoming US President Donald Trump. The Reserve Bank says it’s ready to deal with turmoil.

  • Shane Wright
Public service wages 

The multibillion-dollar question: How much more Labor is spending on wages

As high-stakes pay negotiations continue with nurses and rail workers, Treasurer Daniel Mookhey has defended extra spending on public servants.

  • Matt Wade and Max Maddison
Wall Street retreated on Tuesday as the Trump trade lost steam.

ASX slides as ‘Trump trade’ peters out on Wall Street; miners, banks fall

The Australian sharemarket remained in the red throughout the day on Wednesday, marking the index’s third consecutive day trading lower.

  • Hannah Hammoud
Real wages have climbed at the fastest pace since September 2020.

Real wages are growing at highest rate since 2020. But it’s unlikely to last

After years of wage rises lagging behind inflation, they rose more than inflation in the year to September – but wage increases have already started to slow.

  • Shane Wright and Millie Muroi
Striking nurses gather in Hyde Park in September.

Nurses attack premier’s ‘offensive’ stance on pay after police win big

Premier Chris Minns says the demand for a 15 per cent, one-year pay rise is unfeasible unless other savings were found.

  • Max Maddison and Angus Thomson
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Almost have of all Australian workers have some form of restraint clause in their job contracts.

The clause in your job contract that costs you $500 a year – and Australia $7 billion

It’s not just chief executives. Almost half of Australian workers have signed contracts that restrict their ability to move jobs. New research shows the drag on the economy.

  • Shane Wright
Nevada has become a key battleground state in the race for the White House.

Kamala Harris says she’s ‘all in’. The bets might pay off for Donald Trump

Nevada has leant left for four straight elections. But on the streets of Las Vegas, Maria and Brian know Donald Trump is playing to win.

  • Farrah Tomazin
Wage growth

Bigger pay packets could keep rates higher for longer, economists warn

Wages have grown more than inflation for the third quarter in a row as jobs in the public sector posted the highest pay increase for the June quarter in 12 years.

  • Millie Muroi
Australia’s real wages have fallen 4.8 per cent since 2019 - a larger than most OECD countries.

OECD’s message to our inflation warriors: calm down, she’ll be right

International public servants in Paris have reminded us that Australia’s real wages are too low. So why is the RBA so worried about continued high inflation?

  • Ross Gittins

Original URL: https://www.theage.com.au/topic/wage-growth-1mo4