The wage price index figures show that despite a tight labour market, there has not been a breakout in wage growth
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Workers’ wage growth accelerated at a slightly weaker than expected pace in the June quarter even as employers scrambled to hire staff in a tight labour market.
The wage price index for the June quarter rose 0.8% for the three months and 3.6% from a year earlier. Economists had forecast wages would increase 0.9% for the quarter and at an annual clip of 3.7%.
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