Q3 2022

Q3 2022

November 16, 2021

The Wage Price Index, measuring total hourly rates of pay excluding bonuses, increased a seasonally adjusted 1.0% in Q3 2022, accelerating from previous quarters. Private sector wage growth accelerated to 1.2% QoQ and 3.4% YoY, the fastest since Q4 2012. Western Australian private wages growth accelerated 0.7ppts to 1.7% QoQ, to be 3.8% up through the year. This was the strongest annual increase of all the states.

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