Earnings growth, however, has picked up noticeably, reflecting
the tight labour market conditions.
Not exact matches
While a low unemployment rate can indicate
tight labour -
market conditions, the 2017 average hourly wage of full - time and part - time employees combined grew by only 1.7 per cent — the lowest year - over-year growth since 1998 and more or less at the same rate as consumer price inflation.
This is consistent with a recent increase in the ACCI - Westpac survey measure, and suggests that
labour market conditions remain relatively
tight.
This is consistent with other indicators pointing to relatively
tight conditions in the labour market (as discussed in the chapter on «Domestic Economic Condition
conditions in the
labour market (as discussed in the chapter on «Domestic Economic
ConditionsConditions»).