New data released by the Australian Bureau of Statistics (ABS) shows the national gender pay gap is the lowest on record – today falling to 11.5 per cent from 12 per cent in November 2023, and 14.1 per cent in May 2022. Under the Albanese Government, women’s average weekly earnings have increased $173.80 a week since May 2022.
Labour came to government in 2022 with a commitment to drive action to close the gender pay gap. Since then, we have seen the gender pay gap drop to all-time lows over four consecutive reporting cycles.
“That’s not a coincidence, it’s because the Government has taken action like banning pay secrecy clauses, modernising the bargaining system, enforcing transparent gender pay gap reporting and delivering pay rises for aged care and child care workers,” says Prime Minister, Anthony Albanese.
Annual wage growth in the private sector was 4.1 per cent in June quarter 2024, following three consecutive quarters at 4.2 per cent. This is higher than the 3.9 per cent growth recorded this time last year.
Public sector annual wage growth was 3.9 per cent, higher than the 3.8 per cent recorded in March quarter 2024 and 3.1 per cent from the same time last year. This reflects changes to new state and federal wage policies introduced across 2023.