Business
Wages growth slows, consumer confidence plummets amid coronavirus outbreak – ABC News
Wage growth slows to its lowest level in 22 years and consumer confidence slumps back to April levels amid Victoria’s lockdown and coronavirus outbreaks elsewhere.
Wages are growing at their slowest pace in 22 years as the coronavirus impact on the labour market spreads to pay rates.
Key points:
- Wages increased just 1.8 per cent over the year to June 30
- Private sector wages have borne the brunt of the wage slowdown
- Consumer confidence has collapsed again, after the Victorian Government imposed stage 4 restrictions on Melbourne
Wages growth has declined to an annual pace of just 1.8 per cent, from 2.4 per cent in March …
Continue Reading
-
Noosa News21 hours agoTwo in five Brisbane streets have no footpaths, with council building about 4km of new paths last year
-
General22 hours ago‘Genuinely historic’: Australia and PNG sign major deal
-
Noosa News20 hours agoWeather to warm up in Queensland, as more rain forecast for the north
-
General20 hours agoNZ offers blueprint for home-building productivity fix