ACTU Wages Report - June 2012

Click here for a copy of the 'ACTU Wages Report for June 2012'

Average wages have continued to grow at a moderate pace in the year to March, in line with their long-run average. The Commonwealth Budget forecasts that the Wage Price Index will slow slightly in the June quarter, to be up 3.5% over the year, before picking up to 3.75% growth in 2012-13. Meanwhile the 1.36 million Australian workers reliant on awards and the National Minimum Wage will see their rate of pay increase by 2.9% from 1 July, which means that the NMW will rise by $17.10 per week.