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1.Market Observations, 8.Was Sticky

5 June 2018 (AFR) – Wages boom being shared around nation – Profits, wages rise in March quarter as retail sales rebound in April

(5 June 2018, AFR, p3, by Jacob Greber)

‘Rising company profitability shows signs of being shared across the expanding workforce, which has generated the largest annual rise in wages and salaries paid since the commodity price boom peaked almost six years ago. Growth in the national wages and salaries bill accelerated to 5.1 per cent in the first quarter, up from 4.4 per cent in the December quarter, according to the Australian Bureau of Statistics. The bureau also reported that company profits rose almost twice as much as economists forecast.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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