Wages stalled

Central and North Burnett Times - - NEWS -

WAGES are grow­ing at their slow­est pace since records be­gan ac­cord­ing to the Aus­tralian Bureau of Statis­tics.

Wages rose by just 0.5% in the March quar­ter, putting the an­nual rate at 2.3%.

JP Mor­gan econ­o­mist Tom Kennedy said the an­nual rate of wage growth had slowed in 10 of the past 11 quar­ters.

“Most of the drag came from the pri­vate sec­tor,” he said.

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