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Showing 11 - 20 of 297 results for "Labour Force"

RBA needs to 'rip the band-aid off' and hike rates: VanEck

ELIZA BAVIN  |  FRIDAY, 19 JUL 2024
... unemployment figure of at least 4.5% would be needed to cool inflation." Chesler said it appears as though the tight labour force will persist, and along with the government's recent 3.75% increase to the minimum wage and property prices surging, the ...

Job mobility falls for first time in three years

ELIZA BAVIN  |  TUESDAY, 9 JUL 2024
... from 1.8 million in February 2023. Of those, around 555,000 were unemployed and 1.3 million were people not in the labour force. "Of the people who wanted to work, just over one million people were available to start work straight away, and an additional ...

Australian housing crisis escalates as affordability worsens

ANDREW MCKEAN  |  MONDAY, 8 APR 2024
... increase in 2023-24 - continues to drive housing demand, necessitating an additional 200,000 homes. "ABS data for the labour force and overseas arrivals and departures suggests upside risk to these population projections, and hence, upside risk to estimates ...

First Nations Groups launch scholarship for Indigenous women in financial services

ANDREW MCKEAN  |  THURSDAY, 21 DEC 2023
... their families and communities as leaders, nurturers and knowledge holders. However, they are less represented in the labour force and are even more underrepresented in professions such as finance and economics," she explained. "By creating more opportunities ...

Ageing population measures needs rethink: Mercer

KARREN VERGARA  |  TUESDAY, 29 AUG 2023
... Knox said. Conversely, those aged 65 or over are commonly joining in the workforce, jumping from 1.99% of the total labour force in 2006 to 4.94% in 2022. "A more accurate approach would be to consider the actual labour force, rather than the potential ...

Major economies buoyed by tight jobs market

KARREN VERGARA  |  FRIDAY, 21 JUL 2023
... market is still very tight with the unemployment rate at multi-decade lows," she said. "The persistent strength of the labour force has been surprising. We had been expecting the unemployment rate to be higher than it is by now, given the contractionary ...

Economists divided: RBA's moment of truth looms

ANDREW MCKEAN  |  TUESDAY, 4 APR 2023
... economic Diana Mousina noted that RBA governor Phillip Lowe has highlighted the importance of key data points, including labour force data, consumer surveys, retail sales, and monthly consumer price data, in determining the central banks next move. While ...

Australian CPI falls to 6.8%, adds to halt hopes

CASSANDRA BALDINI  |  THURSDAY, 30 MAR 2023
... Previous data released that have also helped shape the RBA decision are the March NAB Monthly Business Survey, February labour force data and February retail trade data. Miller said the first two key pieces of data unmistakably move the policy rate calculus ...

US interest rates may go higher than expected: Powell

CASSANDRA BALDINI  |  THURSDAY, 9 MAR 2023
... to know what the lessons are again," said Powell. "Nobody had seen the supply chains collapse no one had seen the labour force participation plummet or unemployment go to 14% and higher than that. If we ever see this pitch again, we'll know how to ...

Gender balance is smart economics: CEW

MICHELLE BALTAZAR  |  TUESDAY, 7 MAR 2023
... earnings while raising workforce participation by women from the current 73% to 85% (on par with Sweden, the highest labour force participation rate in the world) could boost GDP by as much as $186 billion per year, based on PwC estimates. "Businesses ...