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Showing 341 - 350 of 868 results for "Wages"

Chief economist update: RBA to take rates to fresh record low

BENJAMIN ONG  |  WEDNESDAY, 22 MAY 2019
... which is the Australian Bureau of Statistics' (ABS) recent update showing wage growth remains lacklustre. Private sector wages grew by 2.4% in the year to the first quarter, up from 2.3% in the December 2018 quarter. Public servants' annual pay ...

Chief economist update: June RBA rate cut not a sure bet

BENJAMIN ONG  |  FRIDAY, 17 MAY 2019
... under-employment rate rose to 8.5% from 8.2%, and the under-utilisation rate went up to 8.7% from 8.3% all suggest the tepid growth in wages (reported only a day before) - unchanged at 2.3% in the year to March 2019 from the third and fourth quarters ...

Chief economist update: Low unemployment, low wages growth conundrum

BENJAMIN ONG  |  THURSDAY, 16 MAY 2019
"Annual wages in seasonally adjusted terms grew 2.3% for the third quarter in a row. The main contributors to growth over the quarter were regularly scheduled wage rises in the health care and social assistance and education and training industries ...

Lax regulation worsens lost super benefits: ISA

KARREN VERGARA  |  FRIDAY, 3 MAY 2019
... earnings, it said. ISA raises significant concerns about the ATO using Single Touch Payroll to increase transparency on wages and how effective the new compliance system is. The simple and most effective fix is for the Government to change the law and ...

Chief economist update: Inflation is dead

BENJAMIN ONG  |  MONDAY, 29 APR 2019
... Eurozone at 1.4%; Japan at 0.5%; the UK at 1.9%; and lately, Australia at 1.3%. The clue, of course, lies in the behaviour of wages. Wages growth is slower than 1990 levels. US earnings are up 4.2% in the year to February (compared with around 7.5% in ...

Chief economist update: Lock in two RBA rate cuts

BENJAMIN ONG  |  FRIDAY, 26 APR 2019
... weighted median at 1.3%. The one caveat though was that the unemployment rate was around 5.7%, it's now at 5%, although wages growth have only picked up from 2.1% (then) to 2.3% (Dec 2018 quarter latest available). Central banks around the world ...

Chief economist update: Rosy assumptions a Budget surplus make

BENJAMIN ONG  |  WEDNESDAY, 3 APR 2019
... investment... overall economic growth and through to government revenues. However, the Treasury's optimistic outlook on wages does not compute with its labour market forecasts whereby the unemployment rate flattens at 5.0% over the next three years ...

In a nutshell: Federal Budget 2019

JAMIE WILLIAMSON  |  TUESDAY, 2 APR 2019
... start early and finish late. They manage the front desk and the back office. They pay their workers first and take their own wages last. We want small businesses to prosper, and we are backing them to do so," Frydenberg said. Small and medium-sized businesses ...

Chief economist update: No credit to the RBA

BENJAMIN ONG  |  MONDAY, 1 APR 2019
... household spending over the next year". But how could it? How could households raise their consumption and spending when wages growth remains muted -- unchanged at 2.3% in the year to the December quarter -- and this, despite the country's unemployment ...

Chief economist update: What's the RBA waiting for?

BENJAMIN ONG  |  FRIDAY, 15 MAR 2019
... year to January that followed a 14.9% slump in the previous month. Certainly, along with the persistent anaemic growth in wages, these would put more downward pressure to still below target inflation - the average of the trimmed mean and weighted median ...