People are silhouetted against the Sydney Opera House at sunset in Australia. REUTERS/Steven Saphore/File photo SYDNEY – Australian wage growth rose at the fastest pace in almost eight years last quarter as red-hot demand for labor drove unemployment to generational lows, yet pay gains still missed forecasts and lagged badly behind inflation. Figures from the Australian Bureau of Statistics on Wednesday showed its wage price index (WPI) rose 0.7 percent in the June quarter, under forecasts for a 0.

https://business.inquirer.net/357753/australia-wage-growth-picks-up-in-q2-lags-forecasts-and-inflation

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