Economy dashboard · Jobs & wages
As at 13 October 2026 · official data unless labelled
Private-sector wages, annual growth
3.1%Above its 10-year average▼ 0.1 ptsJune quarter 2026vs 10-year average 2.66%
What the numbers are telling us
Private-sector wages, annual growth was 3.1% in the June quarter 2026, down 0.1 pts on the previous reading (3.2%).
It is above its 10-year average of 2.66%, which is a better reading than usual.
Why it matters
Private pay is set by bargaining in the market; it moves first when the labour market tightens or loosens.
What it should be
There is no official target for this measure, so it is judged against its own 10-year average of 2.66%: higher is better.
Private wages: the last 40 readings
Private-sector wages, annual growth, 2016-Q3 to 2026-Q2
Every figure on this page is calculated from the stored official series (ABS, WPI (ABS Data API)); the summary is written from the numbers, not edited by hand.