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Showing 91 - 100 of 1721 results for "Unemployment"

RBA sustains cash rate at 4.1%

KARREN VERGARA | TUESDAY, 1 AUG 2023

... that labour shortages have lessened," Lowe said. "With the economy and employment forecast to grow below trend, the unemployment rate is expected to rise gradually from its current rate of 3.5% to around 4.5% late next year. Wages growth has picked up ...

Federal Reserve raises interest rates to a 22-year high

CASSANDRA BALDINI | THURSDAY, 27 JUL 2023

... job gains averaged 244,000 jobs per month, a pace below that seen earlier in the year but still a strong pace. The unemployment rate remains low, at 3.6%," he said. He further noted that rent indicators suggest economic activity has been expanding at ...

Inflation falls to 6%

CASSANDRA BALDINI | WEDNESDAY, 26 JUL 2023

... immigration increases labour supply. This should in turn cool wage and inflation pressures. However, Australia's unemployment rate of 3.5% for June remains at historically low levels." However, Deloitte Access Economics partner Stephen Smith contended ...

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 ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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