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Showing 291 - 300 of 1568 results for "Labour"

Chief economist update: Delta variant infects Australian economy

BENJAMIN ONG  |  TUESDAY, 29 JUN 2021
... annual growth in GDP up to 1.1% and national output above the level it was before the coronavirus struck. Australia's labour market stats indicate that economic growth will continue to progress going forward. Employment increased by 115,200 in May ...

Chief economist update: UK not there yet

BENJAMIN ONG  |  FRIDAY, 25 JUN 2021
... country's unemployment rate may have dropped to an eight-month low of 4.7% in the three months to April but "it is likely that labour market slack has remained higher than implied by this measure" because, "some individuals stopped looking for work ...

Chief economist update: It's raining jobs

BENJAMIN ONG  |  FRIDAY, 18 JUN 2021
... the historic high of 66.3% recorded in March this year - itself, a positive indicator, as more jobseekers re-enter the labour force amid optimism in finding employment. And why the heck wouldn't Australians see the glass more than half-full? Not ...

Calls for Royal Commission into housing

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 JUN 2021
... exacerbated inequalities of both income and wealth, compromised economic and financial stability and negatively impacted labour productivity. Compounding the issue, they argued, is a dearth of skills, institutions, and governance structures to understand ...

Chief economist update: Australia on top

BENJAMIN ONG  |  THURSDAY, 3 JUN 2021
... for the continued acceleration in household spending going forward, not to mention, the improvement in the country's labour market. Household consumption grew by 1.2% in the March 2021 quarter, contributing 0.7 percentage points to growth and driven ...

Chief economist update: RBA cash rate on ice until 2024

BENJAMIN ONG  |  WEDNESDAY, 2 JUN 2021
... 5.1% this year (from 4.75% it forecast in March and 3.2% in December 2020. This stronger economic growth would boost the labour market with the RBA expecting the jobless rate to continue to fall "to be around 5% at the end of this year and around 4.5% ...

Chief economist update: Victoria's victory against the virus voided

BENJAMIN ONG  |  FRIDAY, 28 MAY 2021
... dropped by 4.8% in May from April, the 113.1 reading is the second highest since April 2010. And why not? Australia's labour market continues to improve despite the withdrawal of the government's JobKeeper scheme. The country's unemployment ...

Chief economist update: RBNZ will run out of patience next year

BENJAMIN ONG  |  THURSDAY, 27 MAY 2021
... the March 2021 quarter to 2.4% at the end of the year, reflecting the April 2021 minimum wage increase and a tightening labour market. Annual wage inflation peaks at 2.6% later in the projection..." Higher wages lift inflation. The RBNZ believes that ...

Accessing super cements inequality: Report

ELIZABETH MCARTHUR  |  TUESDAY, 25 MAY 2021
... by 7%. "As savings and superannuation have been depleted over the past year, many people have been left more exposed to labour market risks, with a limited capacity to absorb future shocks," the report warned. Overall, the research found that harmful ...

Chief economist: What JobKeeper cliff?

BENJAMIN ONG  |  FRIDAY, 21 MAY 2021
... the 7.5% high recorded in July 2020 and the sixth straight monthly decline in the jobless rate. However, the ABS' "Labour Force" report showed that total employment contracted by 30,600 in April from March as the loss of 64,400 part-time jobs negated ...