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Showing 101 - 110 of 824 results for "Labour market"

Inflation falls to 6%

CASSANDRA BALDINI  |  WEDNESDAY, 26 JUL 2023
... betting on easing of price pressures in the near term." Chesler explained the RBA is "clinging" to hopes that the labour market will begin to soften over the second half of the year. "The case for raising the cash rate in August remains based on the ...

Major economies buoyed by tight jobs market

KARREN VERGARA  |  FRIDAY, 21 JUL 2023
... global recession, as well as geopolitical and climate woes. Newly released ABS figures show that Australia's labour market remained strong in June, adding more than 33,000 jobs. While the participation rate edged down month on month by 0.1% to 66.8% ...

Further tightening of monetary policy may be required: RBA

CASSANDRA BALDINI  |  TUESDAY, 18 JUL 2023
... risk that the wider effects on inflation had not been fully captured." Further, the RBA drew attention to the tight labour market. "While nominal wages growth appeared to have stabilised recently, members assessed that the environment would remain conducive ...

Australian inflation downturn on the horizon: AMP

ANDREW MCKEAN  |  THURSDAY, 13 JUL 2023
... suggesting that the Reserve Bank of 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 ...

RBA pause short but sweet: Mousina

CASSANDRA BALDINI  |  WEDNESDAY, 5 JUL 2023
... same and that was reflected somewhat in the figures. While not everyone will get what they want, she said a tight labour market means employers need to oblige to some extent. Meanwhile, the rapid interest rate increases have shifted the likelihood of ...

Federal Reserve holds rates steady

ANDREW MCKEAN  |  THURSDAY, 15 JUN 2023
... goals. The Committee's assessments will take into account a wide range of information, including readings on labour market conditions, inflation pressures and inflation expectations, and financial and international developments." Of note, while the ...

Economists divided over cash rate decision

ANDREW MCKEAN  |  MONDAY, 5 JUN 2023
... recent falls in retail sales and building approvals suggest weakening growth; the April jobs numbers suggested the labour market is loosening; the Q1 wages figures showed no signs of a prices-wages spiral; much of the effect of the tightening already ...

Australia-UK FTA a boon for local business

KARREN VERGARA  |  FRIDAY, 2 JUN 2023
... the opportunities this partnership provides, not just in the exchange of goods and services, but also in enhancing labour market access between the two countries."

Fitch gives Labor budget AAA rating

CASSANDRA BALDINI  |  WEDNESDAY, 17 MAY 2023
... well below the 1.5% of GDP FY23 deficit forecast in the October 2022 budget due to robust revenue from a strong labour market and buoyant commodity prices, combined with spending restraint." Fitch also weighed in on the Reserve Bank of Australia's (RBA) ...

Reserve Bank is done at 3.85%: CBA

CASSANDRA BALDINI  |  WEDNESDAY, 17 MAY 2023
... 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 jobs receiving wage rises ...