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Showing 21 - 30 of 200 results for "Wage growth"

Inflation data not encouraging: Powell

CASSANDRA BALDINI  |  FRIDAY, 20 OCT 2023
... change jobs. "Surveys of workers and employers show a return to pre-pandemic levels of tightness, and indicators of wage growth show a gradual decline toward levels that would be consistent with 2% inflation over time," he said. Turning attention to ...

RBA holds cash rate at 4.1%

CASSANDRA BALDINI  |  WEDNESDAY, 6 SEP 2023
... direction. "The past month brought further evidence that consumer spending is slowing, the jobs market is loosening, wage growth remains contained and that inflation has continued to fall," they said. "It would be fair to judge that, at this stage, the ...

Inflation falls to 6%

CASSANDRA BALDINI  |  WEDNESDAY, 26 JUL 2023
... said. "The Australian economy is softening dramatically, the pace of inflation has peaked and is moderating quickly, wage growth is not excessive and medium-term inflation expectations are not rising. In that context there should be no further interest ...

Major economies buoyed by tight jobs market

KARREN VERGARA  |  FRIDAY, 21 JUL 2023
... will achieve the much-vaunted soft landing," he said. In the UK, the tight labour market continues to keep nominal wage growth elevated. "Job vacancies, though declining, have remained historically elevated. Labour supply constraints, including those ...

Wage increases shouldn't equal rate hikes

CASSANDRA BALDINI  |  TUESDAY, 4 JUL 2023
... Australian economy. In an interview with Sky News ahead of today's RBA meeting, Conroy dismissed speculation that wage growth should require a hike in rates. "Wages have been flatlining at about 2.5%, it's now 3.5%," he said. "Is any economist ...

Risk of recession growing: Podcast

CASSANDRA BALDINI  |  THURSDAY, 1 JUN 2023
... influencing effect on other wages in the economy," he said. "All at a time when some states have removed their public sector wage growth caps, New South Wales and Victoria, and we've also seen a 15% rise in aged care wages. All of those things could ...

March inflation drops to 7%

ANDREW MCKEAN  |  WEDNESDAY, 26 APR 2023
... highly competitive rental market, and the expected rise in public sector salaries due to the elimination or increase of wage growth caps imposed by state governments. "These pressures add further fuel to the inflationary fire, boosting the case for further ...

RBA appointments prompt debate

CASSANDRA BALDINI  |  FRIDAY, 21 APR 2023
... Council of Trade Unions (ACTU) said it's been critical of the RBA and its board for its lack of understanding about wage growth and its narrow range of views about monetary policy. "The ACTU has called for a greater diversity of viewpoints, and labour ...

Long pause likely from RBA: Economist

CASSANDRA BALDINI  |  THURSDAY, 13 APR 2023
... and lots of further upward pressure on wages growth," he said. "This is fundamental to the RBA view that as long as wage growth remains consistent with their target, they might not have to lift interest rates quite as much." The other print, Bloxham ...

Super a big national advantage: Chalmers

CASSANDRA BALDINI  |  TUESDAY, 21 MAR 2023
... outcome." "We're getting very good prices for our commodities on world markets, we have been seeing the beginnings of wage growth as well and that's really important too," he explained. Thirdly, he said, Australia's superannuation system ...