Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 141 - 150 of 1722 results for "Unemployment"

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 ...

Rate rises more likely after unemployment plunge

ANDREW MCKEAN  |  FRIDAY, 15 JUL 2022
The unemployment rate has fallen to 3.5%, the lowest level since 1974, and near-record inflation hasn't subsided, leading experts to believe that aggressive rate hikes will continue. Australian Bureau of Statistics (ABS) data showed the number of ...

RBA raises interest rates again

ANDREW MCKEAN  |  WEDNESDAY, 6 JUL 2022
... that the Australian central bank is looking for resulting in falling house prices, weaker consumption and rising unemployment." "This should take some heat out of the economy as households and businesses tighten their belts, but the greater question ...

MLC Life enhances income product range

ANDREW MCKEAN  |  WEDNESDAY, 29 JUN 2022
... employment status. Additionally, customers who hold their policy inside super can access a certificate of disability for unemployment at no extra cost. This means, that if customers are unemployed when making a claim and don't satisfy the relevant ...

Mutual sector overcomes pandemic headwinds

ANDREW MCKEAN  |  MONDAY, 20 JUN 2022
... 2020. The report said: "The pandemic impacted the Australian economy, the financial markets and generated significant unemployment, all resulting in a significant loss of superannuation contributions and investment income." Nevertheless, the long-term ...

Ord Minnett announces Perth office launch

CASSANDRA BALDINI  |  FRIDAY, 17 JUN 2022
... and one of top performing economies in the world the economic fundamentals look excellent," he explained. "With an unemployment rate of 2.9% (the lowest across all states), there are a significant number of West Australians who require quality financial ...

Fair Work Commission raises minimum wage 5.2%

CASSANDRA BALDINI  |  WEDNESDAY, 15 JUN 2022
... be increased substantially, at least to compensate for inflation, without triggering a wage-price spiral or higher unemployment." The Panel noted that lower paid Australians are particularly vulnerable in the context of rising inflation. "The outlook ...

ASFA, Deloitte recommend group insurance changes

ANDREW MCKEAN  |  FRIDAY, 3 JUN 2022
... In this scenario, the GDP would be boosted by $1.1 billion in the 2062 year and a further $126 million in costs of unemployment would be saved. It was also said that improving access to early interventions - including before members make a claim - would ...

RBA outlines next phase of bond purchase program

ANDREW MCKEAN  |  MONDAY, 23 MAY 2022
... prices. As a further justification for the implementation of the program, the board's decision was made while the unemployment rate was close to 7% and inflation was well below its target band. At the KangaNews DCM Summit, assistant governor Christopher ...

Reserve Bank lifts cash rate target

JAMIE WILLIAMSON  |  TUESDAY, 3 MAY 2022
... Lowe said Australia's economic resilience is particularly evident in the labour market, citing the declining unemployment rate and record high labour force participation. "The central forecast is for the unemployment rate to decline to around 3.5% ...