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Showing 171 - 180 of 1568 results for "Labour"

RBA sustains cash rate at 4.1%

KARREN VERGARA  |  TUESDAY, 1 AUG 2023
... while. 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 ...

Federal Reserve raises interest rates to a 22-year high

CASSANDRA BALDINI  |  THURSDAY, 27 JUL 2023
... economy 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 ...

Inflation falls to 6%

CASSANDRA BALDINI  |  WEDNESDAY, 26 JUL 2023
... not be 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 ...

Major economies buoyed by tight jobs market

KARREN VERGARA  |  FRIDAY, 21 JUL 2023
... threat of a 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 ...

Further tightening of monetary policy may be required: RBA

CASSANDRA BALDINI  |  TUESDAY, 18 JUL 2023
... prices more broadly," the minutes said. "They also observed that weak productivity was contributing to strong growth in unit labour costs. Furthermore, electricity prices had risen substantially on 1 July; while this was expected and had been incorporated ...

Australian inflation downturn on the horizon: AMP

ANDREW MCKEAN  |  THURSDAY, 13 JUL 2023
... spending, 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 ...

Ag sector boosts Australia's productivity

KARREN VERGARA  |  TUESDAY, 11 JUL 2023
... 21.2% based on multifactor productivity (MFP) measures, which calculates the ratio of output against the combined input of labour and capital. Information, media and telecommunications were the second-most productive sectors with a combined 7.5%. Transport ...

RBA pause short but sweet: Mousina

CASSANDRA BALDINI  |  WEDNESDAY, 5 JUL 2023
... demanded the 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 ...

Federal Reserve holds rates steady

ANDREW MCKEAN  |  THURSDAY, 15 JUN 2023
... Committee's 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." ...

AI in ESG: Risk or opportunity?

ROSE MARY PETRASS  |  MONDAY, 5 JUN 2023
... replacing close to 8,000 back-office roles over the next 5 years. Around 25% of companies are adopting AI to cope with labour shortages. Demand for specialised skills in ESG is surging and with a shortage of qualified ESG professionals expected to continue ...