DOL: Wage Growth Report – September 2009 Quarter

Released Wednesday, 4 November 2009

  • Annual wage growth in the adjusted Labour Cost Index was 2.1% in the September 2009 quarter, the lowest growth rate since 2002.
  • The adjusted Labour Cost Index showed annual wage growth was the strongest in the education industry (up 3.7%) and health & community services (up 3.4%).
  • Labour demand continued to weaken according to the Quarterly Employment Survey with filled jobs (seasonally adjusted by the Department of Labour) falling by 0.3% in the September 2009 quarter.
  • The Quarterly Employment Survey results suggest that the official measure of employment, as measured by the HLFS, is likely to fall slightly.
  • Wage growth is expected to continue to slow over 2009 and 2010 as the labour market continues to soften.

Read the Wage Growth report.

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