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(Bloomberg) --
A new gauge of Australian advertised salaries showed a long-awaited acceleration in wage growth is taking hold as a tight labor market forces employers to pay more for staff.
Salaries jumped 4.1% in July from a year earlier, Job-search portal SEEK Ltd.âs seasonally adjusted index showed Monday. That easily outpaced the official wage price indexâs 2.6% rise last quarter.
Prior to the pandemic, the SEEK index and government wage measure were climbing at a similar pace o...
>>> Read more: Australiaâs Wages Climbed 4.1% in July, New SEEK Index Shows
A new gauge of Australian advertised salaries showed a long-awaited acceleration in wage growth is taking hold as a tight labor market forces employers to pay more for staff.
Salaries jumped 4.1% in July from a year earlier, Job-search portal SEEK Ltd.âs seasonally adjusted index showed Monday. That easily outpaced the official wage price indexâs 2.6% rise last quarter.
Prior to the pandemic, the SEEK index and government wage measure were climbing at a similar pace o...
>>> Read more: Australiaâs Wages Climbed 4.1% in July, New SEEK Index Shows
