Labor cost index in Australia, September, 2020
For that indicator, we provide data for Australia from Q3 1997 to Q3 2020. The average value for Australia during that period was 100.28 index points with a minimum of 66.6 index points in Q3 1997 and a maximum of 134.5 index points in Q3 2020.
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* indicates monthly or quarterly data series
Measure: index points
Source: Australian Bureau of Statistics
Definition: The index reflects the level of the total compensation of employees in the economy. Labor costs are defined as core expenditure borne by employers for the purpose of employing staff. They include employee compensation, with wages and salaries in cash and in kind, employers' social security contributions and employment taxes regarded as labor costs minus any subsidies received.