Average advertised salaries on job board Seek in Australia increased by 4.5% in February 2023 when compared to February 2022.

The Seek Advertised Salary Index (ASI) measures the growth in advertised salaries for jobs posted on Seek in Australia. 

On a monthly basis, average advertised salaries rose slightly by 0.3%. On a quarterly basis, salaries increased by 0.8%.

Seek Senior Economist, Matt Cowgill said, “"While the Seek Advertised Salary Index shows growth in advertised salaries in February, it has flattened out. Average advertised salary growth is not taking off, the surge recorded in 2021 and early 2022 is behind us, but it’s also showing no signs of returning to the lower pre-Covid levels.”

“The fact that advertised salary growth is not accelerating will reassure policymakers that we are not in a wage-price spiral,” Cowgill added. “But the fact that advertised salaries continue to lag inflation does mean workers are facing a cost-of-living crunch.”

Australia’s annual inflation rate stood at 6.8% in February 2023.