Wage growth is slowing after reaching a recent peak but, with increases still “solid”, this could add pressure on the Reserve Bank (RBA) to raise interest rates at least one more time.
Advertised salaries rose by 4.6 per cent over the year to October 2023, SEEK’s latest Advertised Salary Index found, slowing from the 4.8 per cent recorded in both September and August and below the peak of 5 per cent seen in December 2022. READ MORE