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Showing 11 - 20 of 928 results for "unemployment rate"

Federal Reserve raises interest rates to a 22-year high

CASSANDRA BALDINI  |  THURSDAY, 27 JUL 2023
... 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 a moderate ...

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
... 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 a number ...

Australian inflation downturn on the horizon: AMP

ANDREW MCKEAN  |  THURSDAY, 13 JUL 2023
... 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 number of job openings. For every unemployed ...

Cash rate hits 4.1%

KARREN VERGARA  |  TUESDAY, 6 JUN 2023
... chief economist at AMP, said signs that the economy is weakening are everywhere. Retail sales has slowed, the unemployment rate is rising, building construction is collapsing, and this is all occurring at a time that the inflation indicators are pointing ...

Economists divided over cash rate decision

ANDREW MCKEAN  |  MONDAY, 5 JUN 2023
Accelerating wages growth and higher than expected inflation would perhaps indicate an increase is justified, however, the economic hardships faced by Australians is intensifying. According to an economic misery index by the University of Melbourne ...

It's painful, but it's working: Lowe

CHLOE WALKER  |  WEDNESDAY, 31 MAY 2023
... mid-2025. "By June next year, we're expecting inflation to be back to roughly 3.5%, and we're expecting the unemployment rate to be just a touch over 4%," he said. This is based on both the impact of the government's budget and the RBA's increase in ...

Budget delivers surplus, with a catch

ANDREW MCKEAN  |  TUESDAY, 9 MAY 2023
... from these global economic challenges, but it is well placed to navigate them," budget documents said. "The unemployment rate is holding near 50-year lows of 3.5%, wages growth has picked up, and national income is being supported by elevated commodity ...

March inflation drops to 7%

ANDREW MCKEAN  |  WEDNESDAY, 26 APR 2023
... a higher unemployment, cooling wage and inflation pressures. However, this is unlikely with Australia's unemployment rate in recent months trending down and two inflationary pressures surfacing," McCormack said. McCormack added that the RBA faces ...

Employment figures no cause for rate hike: Experts

JAMIE WILLIAMSON  |  FRIDAY, 14 APR 2023
The unemployment rate remained steady at 3.5%, with a stronger than expected lift in jobs in March, however economists say it won't lead to a rate hike. According to the Australian Bureau of Statistics, unemployment is at the lowest seen since 1974. ...