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| | | ... members more confidence that they could return inflation to target at the same time as preserving most of the gains in the labour market with a lower cash rate, they agreed that this was not yet assured," the RBA minutes said. "As a result, members expressed ... |
| | | | ... premiums. However, in the year to June 2024, the number of members with insurance cover through superannuation rebounded, with labour force growth and increased opt-ins playing a role, the research paper said. As of June 2024, group superannuation arrangements ... |
| | | | ... members more confidence that they could return inflation to target at the same time as preserving most of the gains in the labour market with a lower cash rate, they agreed that this was not yet assured. "As a result, members expressed caution about ... |
| | | | ... rate recorded between 1994-95 to 2003-04. PC deputy chair Alex Robson said the story was only slightly more positive for labour productivity. "Market sector labour productivity rose by 1.1% between 2022-23 and 2023-24," Robson said. "This rise was due ... |
| | | | ... was widely expected, the RBA was quick to diffuse any hopes of a quick cutting cycle. "A range of indicators suggest that labour market conditions remain tight and, in fact, tightened a little further in late 2024," RBA governor Michele Bullock said. ... |
| | | | ... the number of dwellings completed per hour by housing construction workers has declined by 53% since 1995. Conversely, labour productivity in the broader economy increased by 49% over the same period. "To put this 'productivity gap' in perspective ... |
| | | | ... Economics associate director and lead author Sheraan Underwood said. "At the same time, operating costs continue to increase. Labour costs are above their long-run average and are expected to remain so through 2025, while non-labour costs such as energy ... |
| | | | ... policy". Powell also flagged that while the central bank wants to see inflation decelerate more, he did not want to see the labour market "cool off" more. Chalmers said Australia was not having to play the same balancing act. "Many countries around the ... |
| | | | Australia's labour market has remained strong in the December 2024 read, according to the Australian Bureau of Statistics (ABS). The seasonally adjusted unemployment rate rose by 0.1 percentage point to 4% in December. "With employment rising by 56,000 ... |
| | | | ... federal election. "Moreover, a significant factor contributing to the stickiness of inflation in Australia is stagnant labour productivity growth, which has left the economy still operating near its capacity despite softening demand," Feng said. However ... |
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