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Showing 131 - 140 of 1721 results for "Unemployment"

Interest rates will jump to slay "the evil of inflation": Lowe

ANDREW MCKEAN  |  WEDNESDAY, 2 NOV 2022
... bring it down would be greater," Lowe said. "This would increase the risk of a severe recession and a sharp rise in unemployment. It would be much better to avoid such a costly outcome and so we have acted strongly to avoid it." Over the year to September ...

Australian housing slump marches on

ANDREW MCKEAN  |  TUESDAY, 1 NOV 2022
... set to deteriorate though next year as weaker global growth and rate hikes lead to slower growth locally and rising unemployment. "This combination will result in a further weakening in home buyer demand and a potential increase in supply as some financially ...

Federal Budget is challenging: Economist

CHLOE WALKER  |  WEDNESDAY, 26 OCT 2022
... inflation - which will keep interest rates higher for longer, which will slow the economy down, which will add to unemployment. Or in other words, gas prices are very central to a bunch of the bad things that are facing Australia right now," Richardson ...

Financial stress at record highs: AMP

ANDREW MCKEAN  |  WEDNESDAY, 7 SEP 2022
... and younger Australians are particularly concerning. That said, he believes there are reasons to be optimistic. "Unemployment is at historic lows, our economy is in relatively robust shape, despite inflationary pressures, and new flexible ways of working ...

Business confidence, conditions rally: NAB

ANDREW MCKEAN  |  WEDNESDAY, 10 AUG 2022
... maintain a fairly positive stance. Nevertheless, Oster added: "With businesses running at close to full capacity and unemployment at 3.5%, materials and labour are becoming ever-more expensive, driving prices higher. That cycle is likely to continue ...

RBA lifts cash rate to 1.85%

ANDREW MCKEAN  |  WEDNESDAY, 3 AUG 2022
... whilst being watchful of the impact that tighter monetary policy is having on economic activity." "Inflation and unemployment data are going to be the two key data points that the RBA monitors over the coming months as it determines the path of interest ...

US enters recession - or does it?

ANDREW MCKEAN  |  FRIDAY, 29 JUL 2022
... is slowing down as the Federal Reserve acts to bring down inflation." Biden went on to tout the nation's 3.6% unemployment rate, second quarter job creation and strong levels of consumer spending. Later at a press conference, he cited the data and ...

Federal Reserve delivers 0.75bp rate rise

ANDREW MCKEAN  |  THURSDAY, 28 JUL 2022
... weakened. However, despite these developments Powell said that the labour market remains extremely tight, with the unemployment rate nearing a 50-year low, job vacancies nearing record highs and wage growth elevating. Over the last three months US employment ...

Victoria has the best economy - but not by much

CHLOE WALKER  |  MONDAY, 25 JUL 2022
... territories results. "Victoria leads the way on two of the eight economic indicators," James said. They are relative unemployment and retail trade. It also ranked second on construction work done and housing finance, and this on dwelling starts. "But ...

RBA scenario implies record costs: UBS

ANDREW MCKEAN  |  THURSDAY, 21 JUL 2022
... 2-3%." Lowe said the RBA is seeking ways to return to the target range whereby the economy continues to grow, and unemployment stays low. However, he conceded that the path ahead is narrow and clouded with uncertainties. Lowe went on to admit that he ...