Even though the labour market is now getting better, wages aren’t rising as much as in past periods of improvement.
The Australian unemployment rate dropped to an almost six-year low in July, while wage growth posted its strongest quarterly gain since March 2014.
Employment growth in Australia has eased in 2018, reflecting modest gains in full-time jobs. Wage growth continues to disappoint. However, tax cuts and a boost to the minimum wage could provide some much-needed relief to Australian households.
The Australian labour market finished the financial year on a high, with a strong set of labour force data in June.
Nurses, engineers and tech workers are among those least likely to seek career changes.
Another mixed labour market report for Australia, as employment growth remains well below average growth last year.