Labour Price Index: Bad news for Tas Public Sector
THE Public Sector is yet again lagging behind the private sector, when it comes to the Wage Price Index (WPI), according to Australian Bureau of Statistics. Released today, the Wage Price Index (WPI) for Australia rose 3.7 % from the December quarter 2010 to the same quarter in 2011, in trend terms, excluding bonuses. While the Private Sector saw a rise of 3.7% for the same period, the Public Sector recorded a smaller rise of 3.2%. December was the fourth consecutive quarter the Public Sector rise was lower than the Private Sector.
Tasmania has recorded the smallest public sector WPI rise. The WPI for the state was 0.3% in the public sector, which was lower than the December 2010 quarter. This again was lower than the private sector, which saw a rise of 0.6% for the December quarter. Tasmania’s quarterly rise in the Private Sector was also the smallest in Australia. Tasmania’s quarterly all-sectors rise was 0.5% – the smallest of all states. This compares to the Northern Territory, which recorded the largest quarterly rise of 1.5%. Our state recorded a smaller quarterly rise in the 2011 December quarter than the December 2010 quarter for all sectors.