Private sector wage growth hits slowest pace in nearly four years as inflation pressures persist

Private sector wage growth has fallen to its slowest pace in almost four years, as rising interest rates weigh on the jobs market.

New data for the June quarter from the Australian Bureau of Statistics released on Wednesday showed wages growth hit 3.2 per cent over the year to the end of June, in line with market expectations and below headline inflation, which hit 3.8 per cent for the year to the end of June.

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