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Showing 111 - 120 of 838 results for "labour market"

Some explanations have missed the mark: Lowe

CASSANDRA BALDINI  |  FRIDAY, 8 SEP 2023
... achieved on average, it does mean that inflation is likely to be more variable around that target." Addressing the labour market, Lowe explained that when he assumed the role of governor in 2016, the unemployment rate stood between 5.5% to 6%, a far ...

RBA holds cash rate at 4.1%

CASSANDRA BALDINI  |  WEDNESDAY, 6 SEP 2023
... While the recent pause may have caused temporary relief, the RBA warned that despite inflation passing its peak, the labour market remained tight and future hikes are not off the table. "Some further tightening of monetary policy may be required to ensure ...

RBA sustains cash rate at 4.1%

KARREN VERGARA  |  TUESDAY, 1 AUG 2023
... Weak household consumption and dwelling investments are some of the forces dampening activity. "Conditions in the labour market remain very tight, although they have eased a little. Job vacancies and advertisements are still at very high levels, although ...

Federal Reserve raises interest rates to a 22-year high

CASSANDRA BALDINI  |  THURSDAY, 27 JUL 2023
... doesn't work for anyone. In particular, without price stability we will not achieve a sustained period of strong labour market conditions that benefit all." Starting from early last year, the Federal Open Market Committee (FOMC) has maintained a firm ...

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 ...