Source Indicator Measure Location 2017 2018

WEF, Inclusive
Net Incom
Development
Value Index
Australia 31.80 33.20

Gini Index
33.50

33.00

32.50

32.00

31.50

31.00
2017 2018

Gini index measures the extent to which the distribution of income or consumption
expenditure among individuals or households within an economy deviates from a
perfectly equal distribution. A Lorenz curve plots the cumulative percentages of total
income received against the cumulative number of recipients, starting with the poorest
individual or household. The Gini index measures the area between the Lorenz curve
and a hypothetical line of absolute equality, expressed as a percentage of the
maximum area under the line. Thus a Gini index of 0 represents perfect equality, while
an index of 100 implies perfect inequality.
X.1 Private Public
Jun-14 0.51 0.59
Sep-14 0.59 0.5
Dec-14 0.59 0.75
Mar-15 0.5 0.66
Jun-15 0.5 0.57
Sep-15 0.5 0.73 Quarterly wages growth - Seasonally adjusted
Dec-15 0.49 0.57 0.9
Mar-16 0.49 0.56 0.8
Jun-16 0.49 0.56 0.7
Sep-16 0.41 0.56
0.6
Dec-16 0.4 0.55
0.5
Mar-17 0.48 0.63
0.4
Jun-17 0.48 0.63
0.3
Sep-17 0.48 0.54
0.2
Dec-17 0.48 0.62
0.1
Mar-18 0.47 0.61
0
Jun-18 0.63 0.61
Jun-14 Dec-14 Jun-15 Dec-15 Jun-16 Dec-16 Jun-17 Dec-17 Jun-18 Dec-18
Sep-18 0.55 0.68
Pri vate Publ i c
Dec-18 0.62 0.6
Mar-19 0.54 0.45
Jun-19 0.54 0.82
h - Seasonally adjusted

c-16 Jun-17 Dec-17 Jun-18 Dec-18 Jun-19

Publ i c
X.1 Private Public Private & Public
Sep-12 3.67 3.26 3.66
Dec-12 3.45 3.23 3.44
Mar-13 3.24 3.03 3.14
Jun-13 2.94 2.83 2.94
Sep-13 2.74 2.63 2.73
Dec-13 2.63 2.7 2.63
Mar-14 2.53 2.85 2.61 Private & Public
Jun-14 2.51 2.92 2.59
4
Sep-14 2.5 2.82 2.49
Dec-14 2.39 2.71 2.47 3.5
Mar-15 2.29 2.61 2.37 3
Jun-15 2.2 2.59 2.27
2.5
Sep-15 2.1 2.66 2.18
Dec-15 2 2.56 2.16 2
Mar-16 1.99 2.46 2.07 1.5
Jun-16 1.9 2.36 2.06
1
Sep-16 1.89 2.27 1.97
Dec-16 1.8 2.25 1.87 0.5
Mar-17 1.79 2.32 1.87 0
Jun-17 1.87 2.39 1.94 Sep-12 Jun-13 Mar-14 Dec-14 Sep-15 Jun-16 Mar-17 De
Sep-17 1.86 2.37 2.01
Dec-17 1.93 2.44 2.08
Mar-18 2 2.42 2.15
Jun-18 2.07 2.41 2.14
Sep-18 2.14 2.47 2.29
Dec-18 2.29 2.53 2.27
Mar-19 2.27 2.52 2.34
Jun-19 2.26 2.5 2.33
vate & Public

Sep-15 Jun-16 Mar-17 Dec-17 Sep-18 Jun-19

X.1 Wages growth
Dec-12 3.442028986
Mar-13 3.139013453
Jun-13 2.844444444
Sep-13 2.645502646
Dec-13 2.626970228
Mar-14 2.695652174
Jun-14 2.592912705
Sep-14 2.577319588
Dec-14 2.47440273 Wages growth
Mar-15 2.286198137
4
Jun-15 2.274641955
Sep-15 2.261306533 3.5
Dec-15 2.164862614 3
Mar-16 2.069536424
2.5
Jun-16 2.059308072
Sep-16 1.883701884 2
Dec-16 1.874490628 1.5
Mar-17 1.946472019
1
Jun-17 1.937046005
Sep-17 2.009646302 0.5
Dec-17 2.08 0
Mar-18 2.068416866 Dec-12 Dec-14 Dec-16 Dec-18 Dec-20 Dec-2
Jun-18 2.137767221
Sep-18 2.285263987
Dec-18 2.351097179
Mar-19 2.260327358
Jun-19 2.325581395
Sep-19 null
Dec-19 null
Mar-20 null
Jun-20 2.75
Sep-20 null
Dec-20 null
Mar-21 null
Jun-21 3.25
Sep-21 null
Dec-21 null
Mar-22 null
Jun-22 3.5
Sep-22 null
Dec-22 null
Mar-23 null
Jun-23 3.5
8 Dec-20 Dec-22
Date Unemployment rate Wages growth
Sep-98 7.59 3.15
Dec-98 7.27 3.27
Mar-99 7.04 3.1
Jun-99 6.87 3.07
Sep-99 6.8 3.05
Dec-99 6.67 2.88
Mar-00 6.46 2.86
Jun-00 6.14 2.98
Sep-00 6.03 3.1
Dec-00 6.21 3.36
Mar-01 6.51 3.62
Jun-01 6.88 3.59
Sep-01 6.97 3.56
Dec-01 6.87 3.39
Mar-02 6.5 3.22
Jun-02 6.31 3.2
Sep-02 6.26 3.3
Dec-02 6.14 3.41
Mar-03 6.07 3.51
Jun-03 6.05 3.61
Sep-03 5.83 3.71
Dec-03 5.63 3.68
Jun-04 5.45 3.61
Sep-04 5.34 3.45 It appears the relationship between unemployment and wages still
Dec-04 5.14 3.67 the curve that it now seems that to get wages growth of around 3.7
unemployment rate of below 4%.
Mar-05 5.1 3.88
Jun-05 5.01 3.97 There does, however, still appear to be a very strong relationship be
Sep-05 4.97 4.17 underemployment.
Dec-05 5.05 4.13 The current rate of 2.3% wages growth is bang on where you would
Mar-06 4.96 4.08 underemployment rate of 8.3%:
Jun-06 4.76 4.16
Sep-06 4.62 4.12
Dec-06 4.55 4.08
Mar-07 4.45 4.04
Jun-07 4.29 4
Sep-07 4.28 4.07
Dec-07 4.23 4.03
Mar-08 4.15 4.09
Jun-08 4.19 4.27
Sep-08 4.28 4.22
Dec-08 4.75 4.29
Mar-09 5.43 4.14
Jun-09 5.78 3.79
Sep-09 5.69 3.14
Dec-09 5.48 2.91
Mar-10 5.37 2.88
Jun-10 5.24 3.06
Sep-10 5.12 3.63
Dec-10 5.04 3.9
Mar-11 4.97 3.86
Jun-11 5.04 3.83
Sep-11 5.23 3.7
Dec-11 5.24 3.56
Mar-12 5.14 3.72
Jun-12 5.19 3.59
Sep-12 5.32 3.66
Dec-12 5.4 3.44
Mar-13 5.55 3.14
Jun-13 5.67 2.94
Sep-13 5.78 2.73
Dec-13 5.85 2.63
Mar-14 5.84 2.61
Jun-14 6.01 2.59
Sep-14 6.24 2.49
Dec-14 6.26 2.47
Mar-15 6.14 2.37
Jun-15 6.09 2.27
Sep-15 6.01 2.18
Dec-15 5.82 2.16
Mar-16 5.69 2.07
Jun-16 5.64 2.06
Sep-16 5.65 1.97
Dec-16 5.77 1.87
Mar-17 5.75 1.87
Jun-17 5.59 1.94
Sep-17 5.47 2.01
Dec-17 5.49 2.08
Mar-18 5.5 2.15
Jun-18 5.37 2.14
Sep-18 5.16 2.29
Dec-18 5 2.27
Mar-19 5.07 2.34
Jun-19 5.17 2.33
mployment and wages still holds but such has been the shift in
ages growth of around 3.75%, we would need an

very strong relationship between wages growth and

bang on where you would expect it to be given the current