Business
Catch-up pay rises fail to deliver big wages boost as job market improves – Sydney Morning Herald
A slight lift in wages growth early this year still leaves annual growth at modest levels even as signs emerge of a tightening jobs market.
Catch-up wage rises since the depths of the pandemic have failed to deliver a much-needed substantial boost to Australians pay packets, but evidence is growing the economy has coped with the end of the JobKeeper wage subsidy as employers lift efforts to find new staff.
Data from the Australian Bureau of Statistics on Wednesday showed wages rose by 0.6 per cent in the three months to the end of March. It took annual wages growth to 1.5 per cent, marginally up from its record low of 1.4 per cent recorded…
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