Australian wages have recorded the largest quarterly growth in the 26-year history of the Wage Price Index, but still remain below the level of inflation.
Amid the news of a surplus is something that will have a more tangible effect on Australians' bank balances: forecasts that wages growth will start outpacing inflation.
With inflation stubbornly high, wage growth stagnate and rental prices on the rise, Australians are feeling the pinch in a way many have never experienced before.
Australian wages are surging but trailing far behind inflation, leaving workers worse off overall, according to data taken from job ads around the country.
Most employees will ask their boss for a raise at one time or another throughout their career, but if you work in one of these professions, you may already been in front of the pack.
Thousands of children will spend today at home, as the union fights for an annual pay rise above 2.5 per cent amid inflation surges across the country.
Westpac has entered into an enforceable undertaking with the Fair Work Ombudsman after it was revealed it had underpaid thousands of employees a total of $6 million.