The good news is wages are growing at their fastest pace in two years.
The not-so good-news is they are still falling short of the inflation rate.
New figures show wages and salaries grew 1.2 per cent in the June quarter - a rate not seen since the same quarter of 2015 - for an annual rate of 1.6 per cent.
The consumer price index sits at 1.9 per cent.
Even so, Treasurer Scott Morrison says the rise in wages comes alongside the strongest six-monthly increase in employment in almost 40 years.
Other recent data also showed business investment growing, manufacturing activity at 15-year high and business conditions at their highest level in almost a decade.
"It comes on the back of the strong pro-growth, pro-job policies of the Turnbull government," Mr Morrison told parliament.
Monday's figures also showed company profits declined 4.5 per cent in the June quarter, the first fall in a year, but the annual rate still grew at 21.2 per cent.
Notably, mining sector profits tumbled by 11.5 per cent in the quarter, which economists say was driven by a stumble in commodity prices.
Business inventories - stock on shelves and in warehouses - also posted an unexpected drop, which will wipe 0.6 percentage points off June-quarter economic growth.
Economists say the data, which feeds into Wednesday's national accounts, poses some downside risks to their growth forecast.
They will finalise these on Tuesday after international trade and government spending numbers are released.
After a series of positive results for retail spending, construction and business investment, economists had been predicting a growth rate of around 0.7 per cent over the June quarter. That's more than double the puny 0.3 per cent recorded in the first three months of the year.
It would mean the annual rate remains at 1.7 per cent and well below a level normally associated with sustainable employment growth.
However, separate figures show strengthening demand for workers with job advertisements rising by a further two per cent in August to be 13.3 per cent higher than a year earlier.
ANZ head of Australian economics David Plank said the data points to employment growth of 15,000-20,000 per month and a lower unemployment rate.
"While the RBA is likely to find the ongoing improvement in labour market conditions encouraging, persistently low wage growth presents some uncertainty to the outlook for both consumption and inflation," Mr Plank said.
The Reserve Bank will hold its monthly board meeting on Tuesday.
Economists widely expect the central bank to leave the cash rate at a record-low 1.5 per cent and where it has stood since August last year.
