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Australia records 4.2% annual wage growth, outstripping inflation for the first time in three years


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Treasurer says highest annual growth since 2009 ‘encouraging’ but expresses concern over non-compete clauses for employees

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Australia’s wage growth nominally outstripped inflation for the first time in three years, the ABS reported on Wednesday.

Year-on-year, the wage price index recorded a 4.2% increase in the December quarter, and a 0.9% increase from the September data release.

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Continue reading…Treasurer says highest annual growth since 2009 ‘encouraging’ but expresses concern over non-compete clauses for employeesFollow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastAustralia’s wage growth nominally outstripped inflation for the first time in three years, the ABS reported on Wednesday.Year-on-year, the wage price index recorded a 4.2% increase in the December quarter, and a 0.9% increase from the September data release.Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading…