On 15 November 2017, the Australian Bureau of Statistics ("ABS") published the Wage Price Index ("WPI") Report, which measures changes in the price of wages and salaries in the Australian labour market, for the September quarter 2017.
In the September quarter 2017, both the public and private sector WPIs rose 0.5 per cent. Throughout 2017, the private sector rise to the September quarter 2017 was 1.9 per cent and the public sector rise was 2.4 per cent. The private sector rise of 1.9 per cent is consistent with the 1.8 per cent rise recorded in both the March quarter 2017 and the December quarter 2016. Rises in 2017 ranged from 1.2 per cent for the mining industry and 2.7 per cent for health care and social assistance, and arts and recreation services.
An increase of 2 per cent per annum was recorded for hourly rates of pay (including bonuses) in the private sector.
In a statement relating to the WPI Report, ABS Chief Economist Bruce Hockman said: "The higher wage growth in the September quarter was driven by enterprise agreement increases, end of financial year wage reviews and the Fair Work Commission's annual minimum wage review".