Source: LSEG Datastream, ABS, ABC News
Labour market spare capacity vs wages
2006
2008
2010
2012
2014
2016
2018
0
2
4
6
8
10
12
14
16
% change YOY
UNEMPLOYMENT RATE (%YOY)
UNDEREMPLOYMENT RATE (%YOY)
WAGE PRICE INDEX (%YOY)
UNDERUTILISATION RATE (%YOY)