Australian wage growth hit a new low in the September quarter. Wages across all industries rose a seasonally adjusted 0.4% in the September quarter from the prior quarter and rose 1.9% from a year earlier-the slowest increase on record, MarketWatch reported quoting Australian Bureau of Statistics.
As it turned out, economists had expected a rise in wages over the quarter of 0.5%, and 2.0% on-year.
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