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Showing 301 - 310 of 838 results for "labour market"

Chief economist update: Keep one eye open on the housing market

BENJAMIN ONG  |  WEDNESDAY, 3 OCT 2018
... a bit above 3 per cent in 2018 and 2019." The rest are virtually a copy and paste exercise. "The outlook for the labour market remains positive... Wages growth remains low, although it has picked up a little... The improvement in the economy should see ...

Chief economist update: Trump's beggar thy neighbour policy

BENJAMIN ONG  |  MONDAY, 10 SEP 2018
Another month, another strong US labour market report. The time before US President Donald Trump would have had consumers, businesses and investors everywhere dancing in the streets and singing hallelujah. This is due to the rationale that the US economy's ...

Chief economist update: Blame the US economy for the widening trade gap

BENJAMIN ONG  |  WEDNESDAY, 29 AUG 2018
... shouldn't consumers be confident? The details of the report indicate continued positive expectations for the labour market with those saying 'jobs are hard to get' dropping to a 17-year low of 12.7% this month from 14.8% in July. Although ...

The BOE's got no problem

BENJAMIN ONG  |  THURSDAY, 23 AUG 2018
... years." The inflow of UK indicators post the BOE's meeting showed that Governor Carney was correct not to wait. UK labour market stats since then indicate that it doesn't have to wait until 2019 for that slack to close. The unemployment rate ...

Chief economist update: Don't mind the gap

BENJAMIN ONG  |  FRIDAY, 17 AUG 2018
... of 3900 workers (versus expectations for a 15,000 addition) may have made for sobering reading on the Australian labour market but this was a small give from the 58,200 additional workers hired in the previous month (74% of which on a full-time basis). ...

Chief economist update: Betting on down rather than up?

BENJAMIN ONG  |  FRIDAY, 10 AUG 2018
... same quarter of this year. The slowing trend in the country's economic growth could be starting to impact the labour market. The RBNZ predicts GDP growth of 2.7% this year and 2.6% in 2019 before accelerating to 3.4% in 2020. While the unemployment ...

Chief economist update: Do nothing RBA

BENJAMIN ONG  |  TUESDAY, 7 AUG 2018
... (indexed to inflation)... and so the unvirtuous cycle goes. No doubt, the RBA would again mention the strengthening labour market to rationalise its optimism that someday, sometime, growth in wages will begin to pick up. Maybe wages will but the experience ...

Chief economist update: Heaven can wait but the BOE couldn't

BENJAMIN ONG  |  FRIDAY, 3 AUG 2018
... bonuses) slowed to 2.7% in May from 2.8% in April and 2.9% in March - the BOE is confident that, "the tightening labour market was expected to continue to feed through into faster growth in domestic costs than had been seen over recent years. That was ...

Chief economist update: Inflation genie still inside the box

BENJAMIN ONG  |  THURSDAY, 26 JUL 2018
... costs, the outlook for wage growth is particularly important for the inflation outlook." The strengthening Australian labour market offers hope but the lead from the underemployment rate suggests that wages growth would remain at around 2.0% till the ...

Chief economist update: A pretty picture of the labour market

BENJAMIN ONG  |  FRIDAY, 20 JUL 2018
... for mixing my song lyrics but, you're as cold as ice (Foreigners) if yesterday's report on Australia's labour market didn't make you hum Louis Armstrong's immortal classic. "I see skies of blue..." The seasonally adjusted numbers ...