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Showing 181 - 190 of 825 results for "Labour market"

Chief economist update: A date with the RBA in July

BENJAMIN ONG  |  WEDNESDAY, 5 MAY 2021
... latest projections - from 3.5% it predicted in its February statement. This stronger economic growth would boost the labour market with the RBA now expecting the jobless rate "to be around 5 per cent at the end of this year and around 41/2 per cent at ...

Chief economist update: Low for longer

BENJAMIN ONG  |  THURSDAY, 29 APR 2021
... spare capacity and unemployment is still too high. It will take some time to reduce this spare capacity and for the labour market to be tight enough to generate wage increases that are consistent with achieving the inflation target... Looking through ...

Chief economist update: Bank of Canada walks the talk

BENJAMIN ONG  |  THURSDAY, 22 APR 2021
... Substantial job gains in February and March boosted employment. However, new lockdowns will pose another setback and the labour market remains difficult for many Canadians, especially low-wage workers, young people and women. As vaccines roll out and ...

Chief economist update: Australians all let us rejoice

BENJAMIN ONG  |  FRIDAY, 16 APR 2021
... JobKeeper on 28 March. "The April Labour Force release, along with weekly payroll jobs data, will show the state of the labour market after the end of JobKeeper." Perhaps the 'Labour Force, Australia' report for April will show some weakening ...

Chief economist update: ScoMo cannot miss new vaccination target

BENJAMIN ONG  |  TUESDAY, 13 APR 2021
... Australian Bureau of Statistics' (ABS) latest report on job vacancies provide a good forward view of the domestic labour market. According to the ABS, "job vacancies were 27 per cent higher than 12 months earlier in February 2020, just before the ...

Chief economist update: RBA promises support over the next three years

BENJAMIN ONG  |  WEDNESDAY, 7 APR 2021
... materially higher than it is currently. This will require significant gains in employment and a return to a tight labour market. The Board does not expect these conditions to be met until 2024 at the earliest." This is RBA governor Philip Lowe's ...

Chief economist update: Positive feedback loop

BENJAMIN ONG  |  TUESDAY, 6 APR 2021
... improved, from 90.9 last month to 109.6 in March" (Conference Board). Consumers' assessment of current and future labour market conditions also improved that, itself, was confirmed a few days later by the greater than expected increase in US non-farm ...

Chief economist update: Too much of a good thing could be a bad thing

BENJAMIN ONG  |  WEDNESDAY, 31 MAR 2021
... surprising with cases of coronavirus infections dropping, vaccine distribution running on full steam, a strengthening labour market, generous government handouts and pledges of continued low borrowing costs. The Conference Board's consumer confidence ...

Chief economist update: Australia's virtuous cycle keeps on turning

BENJAMIN ONG  |  MONDAY, 29 MAR 2021
... March 28. It's still early days, but recent indications are that negative repercussions - particularly, on the labour market-would be limited. This is because workers' reliance on the subsidy has already been declining. The Australian Taxation ...

Chief economist update: Confidence contagion

BENJAMIN ONG  |  THURSDAY, 11 MAR 2021
... services and transport conditions continue to lag". Confident businesses beget confident consumers (through the labour market), making the jump in consumer confidence hardly a surprise. The Westpac-Melbourne Institute index of consumer confidence rose ...