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Showing 11 - 20 of 1647 results for "Unemployment"

Bank of England holds rates at 5.25%

ANDREW MCKEAN  |  FRIDAY, 22 SEP 2023
... loosening in the labour market," although conditions remain tight by historical standards. The ratio of job vacancies to unemployment has been on a downward trend, reflecting a drop in available positions and an uptick in joblessness. Further, the Committee ...

Some explanations have missed the mark: Lowe

CASSANDRA BALDINI  |  FRIDAY, 8 SEP 2023
... that target." Addressing the labour market, Lowe explained that when he assumed the role of governor in 2016, the unemployment rate stood between 5.5% to 6%, a far cry from the current 3.5%. "The share of Australians with a job has never been higher ...

RBA holds cash rate at 4.1%

CASSANDRA BALDINI  |  WEDNESDAY, 6 SEP 2023
... VanEck head of investments and capital markets Russel Chesler said with services inflation remaining elevated and unemployment remaining low the risk of further RBA increases later in the year is still a looming threat. "We are now nearing the end of ...

Latest CPI data provides case for rate pause

CHLOE WALKER  |  THURSDAY, 31 AUG 2023
... may not need to suffer an extended period of below trend growth or even a so-called "per capita recession". "The unemployment rate consistent with inflation returning to target could be much less than the 4.5% rate currently assumed by the RBA," he s ...

Unemployment rate rises as gender wage gap narrows

ANDREW MCKEAN  |  FRIDAY, 18 AUG 2023
... 14,600 drop in employment in July, deviating sharply from the anticipated rise of 15,000 by economists. In July, the unemployment rate increased to 3.7%, up from 3.5% the previous month, despite economists' predictions of 3.6%. Concurrently, the participation ...

Industry fund cuts insurance costs

ANDREW MCKEAN  |  WEDNESDAY, 9 AUG 2023
... the previous 'unlikely to return to work' test. Accompanying this change, the permissible timeframe for a member's unemployment before their date of disablement has been extended from 12 months to 24 months. Another new test is the 'unable to do basic ...

RBA sustains cash rate at 4.1%

KARREN VERGARA  |  TUESDAY, 1 AUG 2023
... that labour shortages have lessened," Lowe said. "With the economy and employment forecast to grow below trend, the unemployment rate is expected to rise gradually from its current rate of 3.5% to around 4.5% late next year. Wages growth has picked up ...

Federal Reserve raises interest rates to a 22-year high

CASSANDRA BALDINI  |  THURSDAY, 27 JUL 2023
... job gains averaged 244,000 jobs per month, a pace below that seen earlier in the year but still a strong pace. The unemployment rate remains low, at 3.6%," he said. He further noted that rent indicators suggest economic activity has been expanding at ...

Inflation falls to 6%

CASSANDRA BALDINI  |  WEDNESDAY, 26 JUL 2023
... immigration increases labour supply. This should in turn cool wage and inflation pressures. However, Australia's unemployment rate of 3.5% for June remains at historically low levels." However, Deloitte Access Economics partner Stephen Smith contended ...

Major economies buoyed by tight jobs market

KARREN VERGARA  |  FRIDAY, 21 JUL 2023
... strong in June, adding more than 33,000 jobs. While the participation rate edged down month on month by 0.1% to 66.8%, unemployment rate nevertheless remained at 3.5%. "Australia's labour market was still strong in June. This is a similar trend to ...