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Showing 21 - 30 of 1648 results for "unemployment"

Major economies buoyed by tight jobs market

KARREN VERGARA  |  FRIDAY, 21 JUL 2023
... strong in June, adding more than 33,000 jobs. While the participation rate edged down month on month by 0.1% to 66.8%, unemployment rate nevertheless remained at 3.5%. "Australia's labour market was still strong in June. This is a similar trend to ...

Australian inflation downturn on the horizon: AMP

ANDREW MCKEAN  |  THURSDAY, 13 JUL 2023
... Australia (RBA) probably needs to hike rates again," Mousina said. Australia's labour market remains tight, with the unemployment rate near its lowest level in nearly 50 years and there are still a significant number of job openings. For every unemployed ...

RBA pause short but sweet: Mousina

CASSANDRA BALDINI  |  WEDNESDAY, 5 JUL 2023
... the downside is needed ahead of next month's meeting to continue the cause for pause. "A drop in CPI and a rise in unemployment are other factors," she flagged. "But we think that there'll be a hike next month and September because we think that ...

Cash rate hits 4.1%

KARREN VERGARA  |  TUESDAY, 6 JUN 2023
... deputy chief economist at AMP, said signs that the economy is weakening are everywhere. Retail sales has slowed, the unemployment rate is rising, building construction is collapsing, and this is all occurring at a time that the inflation indicators are ...

Economists divided over cash rate decision

ANDREW MCKEAN  |  MONDAY, 5 JUN 2023
... pressures, though inflation is expected to subside through 2023. GDP growth is expected to stay low but positive, and unemployment rates are forecast to increase but remain low. "The economic misery index might rise a little, but we expect that it will ...

It's painful, but it's working: Lowe

CHLOE WALKER  |  WEDNESDAY, 31 MAY 2023
... 3% by mid-2025. "By June next year, we're expecting inflation to be back to roughly 3.5%, and we're expecting the unemployment rate to be just a touch over 4%," he said. This is based on both the impact of the government's budget and the RBA's increase ...

Reserve Bank is done at 3.85%: CBA

CASSANDRA BALDINI  |  WEDNESDAY, 17 MAY 2023
... quarter 2023, and 3.7% annually. ABS acting head of prices statistics Leigh Merrington said the results reflect low unemployment, a tight labour market and high inflation. "Wage outcomes over the March quarter 2023 saw a continued lift in the share of ...

What you need to know about the 2023-24 budget

KARREN VERGARA  |  TUESDAY, 9 MAY 2023
... thereafter. Despite the gloomy forecast, Chalmers is optimistic that Australia will continue to create jobs and suppress unemployment levels. "In this environment, inflation remains our primary economic challenge. It drives rate rises; it erodes real ...

Budget delivers surplus, with a catch

ANDREW MCKEAN  |  TUESDAY, 9 MAY 2023
... immune from these global economic challenges, but it is well placed to navigate them," budget documents said. "The unemployment rate is holding near 50-year lows of 3.5%, wages growth has picked up, and national income is being supported by elevated ...

March inflation drops to 7%

ANDREW MCKEAN  |  WEDNESDAY, 26 APR 2023
... will begin to soften this year as higher interest rates start to impact demand, in turn contributing to a higher unemployment, cooling wage and inflation pressures. However, this is unlikely with Australia's unemployment rate in recent months trending ...