Annual wage growth jumps in early 2024

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Annual wage growth jumps in early 2024
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It continues a trend that extends back to mid-2023, according to the ABS data.

for the March quarter are up 4.1 per cent on this time last year, the Australian Bureau of Statistics data has revealed.

But ABS head of prices statistics Michelle Marquardt said it was the first time private wage growth had remained at or above four per cent since the September 2023 quarter."The last time wages growth was at this level for three consecutive quarters was March quarter 2009," she said.

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