Average Weekly Earnings / Wages by Country
Latest released Average Weekly Earnings / Wages value for every supported currency, with the previous reading, the change between releases, reference date, frequency, unit, and source.
/api/v1/announcements/{currency}/wages. Non-USD endpoints require an API key query parameter.| Country / Currency | Latest | Previous | Change | Reference | Frequency | Unit | Source |
|---|---|---|---|---|---|---|---|
|
Australia
AUD · Australian Dollar
|
3.4
31 Dec 2025
|
3.3
30 Sep 2025
|
▲ +0.1 | 31 Dec 2025 | Quarterly | %YoY | ABS/RBA |
What is Average Weekly Earnings / Wages?
Wages — average hourly earnings (US), average weekly earnings (UK, AU), wage price index (AU), and labour cost indices in the eurozone — measure the pace at which pay is rising across the economy. They are the primary feedstock for services inflation.
Why it matters for FX
Wage growth is the single most important variable for services inflation, which is the stickiest component of CPI. Central banks need to see wages slowing toward levels consistent with the inflation target before they cut decisively. Sustained above-target wage growth therefore supports the currency through a more hawkish reaction function.
How to read this page
Compare year-over-year wage growth to the central bank's implicit comfort zone (often around 3-3.5 percent for 2 percent inflation targets, depending on productivity). Real wages (nominal minus inflation) matter for consumer spending power.
What to watch for
- Year-over-year vs month-over-month tradeoff
- Composition effects when low-wage sectors expand or shrink
- Real wage growth turning positive after a CPI peak
- Negotiated / collectively-bargained wages (eurozone)
- Atlanta Fed wage tracker for US median continuous worker