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Showing 11 - 20 of 32 results for "underemployment rate"

Chief economist update: The wages of COVID-19

BENJAMIN ONG  |  THURSDAY, 13 AUG 2020
... has also helped. This is because without it, the lagged negative correlation between wages growth and the underemployment rate indicate that we would have seen a 1.8% drop in wages by this time instead. That's not all. Wages growth might be the lowest ...

Chief economist update: Stop right now, thank you very much

BENJAMIN ONG  |  FRIDAY, 17 JUL 2020
... May and June, which was around a third (35%) of the 186 million decrease between March and May." Even the underemployment rate has improved big-time - down to 11.7% in June from 13.1% in May. These much-improved labour market stats would have lessened ...

Chief economist update: Pay cut or pay not?

BENJAMIN ONG  |  FRIDAY, 15 MAY 2020
... direction but there are still domestic challenges ahead. One such challenge is the lead from the surge in the underemployment rate to a record high 13.7% in April. Its lead and negative correlation with wages - up 2.1% in the year to the March 2020 quarter ...

Chief economist update: Aussie employment rises... but so does our unemployment rate

BENJAMIN ONG  |  FRIDAY, 21 FEB 2020
... previous month - a move further away from the 4.5% rate the RBA considers as full employment. In addition, the underemployment rate increased to 8.6% from 8.1% in December, suggesting that the flat wages growth seen in the December 2019 quarter would ...

Chief economist update: How low will Lowe go?

BENJAMIN ONG  |  FRIDAY, 15 NOV 2019
... weakness in job creation. This is supported by the trend estimates in jobs growth......and continued high underemployment rate which, would maintain pressure on wages growth. Low wages growth equals less consumer spending equals less business revenues ...

Chief economist update: This is a job for the RBA (and the Treasury)

BENJAMIN ONG  |  FRIDAY, 20 SEP 2019
... about asking for a pay rise. More so, because the number of already employed workers wanting more hours - the underemployment rate - has increased to 8.6% in August from 8.4% in the previous month. Its negative correlation with wages growth suggest continued ...

Chief economist update: Another rate cut on the cards

BENJAMIN ONG  |  FRIDAY, 14 JUN 2019
... asking for a top up on our current salaries. The lead and the positive correlation between wages and the underemployment rate indicate continued tepid (even weaker) wages growth. At this point, I'm not so sure whether an additional (or even two) ...

Hiring continues but wage growth under pressure

KARREN VERGARA  |  WEDNESDAY, 9 JAN 2019
... health of the labour market." Despite the positive story in these figures, Pearson noted that "the trend underemployment rate, which measures those people who want more hours of work, is stuck." "It will be hard to achieve stronger real wage growth without ...

Chief economist update: Faster wages growth a one-off?

BENJAMIN ONG  |  THURSDAY, 15 NOV 2018
... annual wage review increased the minimum wage and modern awards by 3.5%." In addition, the lead from the underemployment rate calls for renewed slowing in wages growth over the next two quarters. There's also the record high level of household debt. ...

Chief economist update: Australia's low(er)-flation

BENJAMIN ONG  |  THURSDAY, 1 NOV 2018
... than the 4%-4.5% annual wages growth rates seen before the global financial crisis and if the lead from the underemployment rate is any guide, wages would remain stagnant in the coming quarters. It'll be hard for inflation to pick up until wages ...