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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
SEEK advertised salary increases have lost momentum with a 0.2% m/m rise in January bringing the 3-month annualised rate down to 3.7% from 4.5%, the lowest in almost two years. Annual growth in advertised wages was steady in January at 4.5% but is down from the 4.8% peak in September. The RBA continues to say that wage growth is consistent with the inflation contingent on an improvement in productivity growth. While it is difficult to measure, there will be further information in the March 6 national accounts.
- The large states of NSW and Victoria saw slightly lower advertised pay growth than the national average, as jobs growth has also underperformed in these regions.
- There was a strong 8.9% y/y increase in the community services sector due to the government’s 15% increase for aged care workers. In contrast IT jobs rose only 1.9% y/y.
Australia SEEK advertised salaries growth %
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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