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

Search Results

Showing 161 - 170 of 838 results for "labour market"

Inflation a greater danger than recession: Powell

ANDREW MCKEAN  |  THURSDAY, 30 JUN 2022
... lesser discussed issue of inflation psychology has drawn his attention. "There's been a shift in psychology in the labour market. For the past maybe two decades we haven't really had any indexation because people didn't worry too much about what the ...

Fair Work Commission raises minimum wage 5.2%

CASSANDRA BALDINI  |  WEDNESDAY, 15 JUN 2022
... since last year's review decision have been the sharp rise in the cost of living and the strengthening of the labour market. "The Panel concluded that given the current strength of the labour market, the increases it had decided to make will not ...

OECD projects sharp growth deceleration

ANDREW MCKEAN  |  THURSDAY, 9 JUN 2022
... projection grew from 2.7% to 5.3% over this same period. "Wage and price pressures will rise given the already tight labour market and the strains on global supply chains, before moderating in 2023," the report said. This same OECD December report predicted ...

Reserve Bank shocks with hawkish 50bp increase

ANDREW MCKEAN  |  TUESDAY, 7 JUN 2022
... inflation." "But domestic factors are playing a role too, with capacity constraints in some sectors and the tight labour market contributing to the upward pressure on prices. The floods earlier this year have also affected some prices." Inflation is ...

Yellen forebodes stagflation risks

ANDREW MCKEAN  |  THURSDAY, 19 MAY 2022
... harm on Russia and Putin. She claimed the US is best positioned to meet these challenges given the strength of its labour market and economy, but despite her conviction, global inflation levels have become calamitous. Yesterday, UK inflation hit a 40-year ...

US Federal Reserve enacts biggest rate hike in 22 years

ANDREW MCKEAN  |  THURSDAY, 5 MAY 2022
... bring it back down." "It is essential that we bring inflation down if we are to have a sustained period of strong labour market conditions that benefit all." Powell added the Fed is highly attentive to the risk high inflation poses and was strongly committed ...

Reserve Bank lifts cash rate target

JAMIE WILLIAMSON  |  TUESDAY, 3 MAY 2022
... Settlement balances from 0% to 0.25%. 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 ...

Real unemployment far higher than ABS claims: Roy Morgan

ANDREW MCKEAN  |  TUESDAY, 19 APR 2022
... duplicitous misrepresentation of employment statistics. The findings showed that nearly all the employment growth in the labour market had come from businesses hiring more workers on a part-time basis to cover for isolating employees. These new workers ...

Tough news for those already doing it tough

ELIZABETH MCARTHUR  |  TUESDAY, 29 MAR 2022
... government's reporting, it chalked this up mostly to a lower-than-expected number of recipients due to stronger labour market projections as the economy recovers from the pandemic. However, it's likely helped along by the government not raising payments ...

Learn to live with inflation: BlackRock

CHLOE WALKER  |  FRIDAY, 4 MAR 2022
... general now, which we expect to remain strong. And this is all underpinned by an RBA who are very willing to let the labour market run hot to generate some wages. "We think the cash rate hiking cycle will be slower, and peak lower, relative to the market ...