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Showing 21 - 30 of 53 results for "Underemployment"

Chief economist update: Aussie employment rises... but so does our unemployment rate

BENJAMIN ONG  |  FRIDAY, 21 FEB 2020
... previous month - a move further away from the 4.5% rate the RBA considers as full employment. In addition, the underemployment rate increased to 8.6% from 8.1% in December, suggesting that the flat wages growth seen in the December 2019 quarter would ...

Chief economist update: How low will Lowe go?

BENJAMIN ONG  |  FRIDAY, 15 NOV 2019
... continued weakness in job creation. This is supported by the trend estimates in jobs growth......and continued high underemployment rate which, would maintain pressure on wages growth. Low wages growth equals less consumer spending equals less business ...

Chief economist update: This is a job for the RBA (and the Treasury)

BENJAMIN ONG  |  FRIDAY, 20 SEP 2019
... about asking for a pay rise. More so, because the number of already employed workers wanting more hours - the underemployment rate - has increased to 8.6% in August from 8.4% in the previous month. Its negative correlation with wages growth suggest continued ...

Chief economist update: Another rate cut on the cards

BENJAMIN ONG  |  FRIDAY, 14 JUN 2019
... about asking for a top up on our current salaries. The lead and the positive correlation between wages and the underemployment rate indicate continued tepid (even weaker) wages growth. At this point, I'm not so sure whether an additional (or even ...

Hiring continues but wage growth under pressure

KARREN VERGARA  |  WEDNESDAY, 9 JAN 2019
... for the health of the labour market." Despite the positive story in these figures, Pearson noted that "the trend underemployment rate, which measures those people who want more hours of work, is stuck." "It will be hard to achieve stronger real wage ...

Chief economist update: Faster wages growth a one-off?

BENJAMIN ONG  |  THURSDAY, 15 NOV 2018
... Commission annual wage review increased the minimum wage and modern awards by 3.5%." In addition, the lead from the underemployment rate calls for renewed slowing in wages growth over the next two quarters. There's also the record high level of household ...

Chief economist update: Australia's low(er)-flation

BENJAMIN ONG  |  THURSDAY, 1 NOV 2018
... slower than the 4%-4.5% annual wages growth rates seen before the global financial crisis and if the lead from the underemployment rate is any guide, wages would remain stagnant in the coming quarters. It'll be hard for inflation to pick up until ...

Chief economist update: Don't mind the gap

BENJAMIN ONG  |  FRIDAY, 17 AUG 2018
... Australia's labour market, at least, growth in wages has tightened more its negative correlation with the underemployment rate, helping to explain the lacklustre growth in wages over the past few years. Ben Ong is the Director of Economics and Investments ...

Chief economist update: Inflation genie still inside the box

BENJAMIN ONG  |  THURSDAY, 26 JUL 2018
... 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 end of 2018 (at least). If correct, the growth in ...

Chief economist update: A pretty picture of the labour market

BENJAMIN ONG  |  FRIDAY, 20 JUL 2018
... particularly important for the inflation outlook." The chart below shows that wages are more correlated with the rate of underemployment. This makes sense for while the unemployment rate tracks those looking for work but couldn't find any, the underemployment ...