Commonwealth Bank of Australia
Commonwealth Bank of Australia
01/13/2026 | Press release | Distributed by Public on 01/12/2026 21:04
Wages hold firm as jobs growth moderates, CBA data shows
Employment growth cools
Employment growth also moderated, with an estimated 23,000 jobs added in December - a slight decrease from November, but broadly in line with previous months. The unemployment rate remains at 4.3%, reflecting a labour market that is still on the tighter side.
"Wage growth held steady in quarterly terms, but annual growth moderated a touch. The labour market remains tight, with limited spare capacity contributing to inflation that is still too high. We expect wages growth to remain around current rates of growth over the next year, and the RBA is expected to lift the cash rate in 2026," said CBA Head of Australian Economics, Belinda Allen.
"Our Labour Insights series shows continued solid jobs growth, even as hiring slows from earlier peaks. We judge the labour market to be slightly tight and expect the unemployment rate to stay near current levels through 2026."
Wage Growth: State-by-State
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