Posts tagged "Wage Price Index"

Advertised starting salaries are 4.1% higher on average than those offered in July 2021, a new SEEK report says, suggesting wages offered to fresh hires are rising faster than pay packets for existing workers.

Minister for Employment and Workplace Relations Tony Burke has provided further detail on Labor's minimum wage submission made this afternoon to the Fair Work Commission.

Jim Chalmers has spent three days with Treasury secretary Dr Steven Kennedy poring over the so-called ‘red book’ brief to discuss the economic lay of the land.

Wages paid by Australian small businesses grew 4.1% in April 2022 compared to April 2021, accounting software provider Xero says.

The Wage Price Index is now showing the worst performance ever compared with the Consumer Price Index, providing concrete evidence that the buying power of wages is shrinking.

Accounting experts have urged Australian small businesses to prepare for the impact of inflation, after official figures confirmed the cost of living has surged at a rate not seen in more than a decade.

The labour force figures for July, released today, show how the labour market is recovering from last year’s massive pandemic hit.

The rate of growth in Australian wages is the lowest it has been in 18 years, according to official statistics released by the Australian Bu…