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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
AUSTRALIA DATA
The SEEK advertised salary index rose a further 0.3% m/m in December to hold the annual rate steady at 4.5% y/y, within the range it’s been in for over a year. The series peaked in September at 4.8% y/y. Wages growth remains contained but elevated and the RBA would like to see productivity growth pick up if pay is going to stay around these rates. The Q4 WPI prints on February 21.
- The Q4 average of the advertised salary index rose 1.1% q/q after 1.4% in Q3 which was boosted by July 1 award wage hikes, but Q4 was higher than both Q1 and Q2 2023 but lower than Q4 2022.
- Real advertised wages began growing again in November with the series 0.2pp below headline and 0.1pp below the trimmed mean.
Australia SEEK advertised salary index %
Source: MNI - Market News/SEEK
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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