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Showing 321 - 330 of 868 results for "Wages"

Chief economist update: RBA not risking market disappointment

BENJAMIN ONG  |  WEDNESDAY, 4 SEP 2019
... year's high of 3.5% in March and over 8% before the GFC. The income tax cuts delivered on 1 July should help, but not when wages remain stagnant (unchanged at 2.3% in the year to the June 2019 quarter from March) and the unemployment rate still below ...

Chief economist update: The budget surplus can wait

BENJAMIN ONG  |  FRIDAY, 30 AUG 2019
... melting emerging markets, Brexit, wobbly share markets and on the domestic front, record high household debt levels, stagnant wages growth, declining property prices and weak consumer spending. But seen in a different light, capex expectations of A$113,404 ...

Chief economist update: The fear of Brexit

BENJAMIN ONG  |  THURSDAY, 29 AUG 2019
... that's still responding to the dictates of Economics 101. The UK's low unemployment rate - 3.9% in June - is lifting wages. Average weekly earnings (excluding bonuses) grew by 3.9% in the year to June. This is the fastest annual rate of growth ...

Chief economist update: What price Australian budget surplus?

BENJAMIN ONG  |  TUESDAY, 27 AUG 2019
... quarter); the unemployment rates at 5.0% (5.2% in July 2019); CPI inflation at 2.25% (1.6% in the March 2019 quarter); and, wages growth of 2.75% (2.3% in the June 2019 quarter). Aside from stating the obvious - that the government's assumptions ...

Chief economist update: Will Australia avoid another global recession?

BENJAMIN ONG  |  FRIDAY, 16 AUG 2019
... participation rate - 66.1% in July from 66.0% in June - itself a positive indicator of the jobs market. The latest update on wages - up 2.3% in the June quarter, unchanged from the first quarter - confirms the RBA's view that slack remains in the ...

CBA remediation bill drags performance

KARREN VERGARA  |  WEDNESDAY, 7 AUG 2019
... statutory net profit after tax to $8.57 billion, which is down 8% year on year. The remediation provision also reflect IT and wages costs incurred. During the year, CBA increased its risk and compliance staff to 600. It has also hired additional staff ...

Chief economist update: RBA heading to zero

BENJAMIN ONG  |  WEDNESDAY, 7 AUG 2019
... resources sector" would support the domestic economy, it remains unsure about "the outlook for consumption". More so, given "wages growth remains subdued and there is little upward pressure at present', exerting little upward pressure on inflation. ...

Financial services boom rolls on

KARREN VERGARA  |  WEDNESDAY, 31 JUL 2019
... financial services industry continues to be the largest contributor to economic growth and pays employees above-average wages, according to a new report. Data compiled by the Financial Services Council in its 2019 State of the Industry report shows financial ...

Government to close super salary sacrifice loophole

KARREN VERGARA  |  THURSDAY, 25 JUL 2019
... the salary sacrifice arrangement." Salary sacrifice arrangements allow employees to forego part of their future salary or wages in return for a work benefit of a similar value, such as a car or childcare benefits. Salary sacrifice arrangements can also ...

Grattan SG claims slammed by industry bodies

HARRISON WORLEY  |  THURSDAY, 11 JUL 2019
... relies on to peddle these myths is deeply flawed." According to ISA, Grattan's modelling overstates the effect of the SG on wages, pension indexation and taxation "and assumes women, low-income and self-employed workers don't exist." ISA acting chief ...