Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 21 - 30 of 783 results for "Wages"

Unemployment rate rises as gender wage gap narrows

ANDREW MCKEAN  |  FRIDAY, 18 AUG 2023
... experiencing a historic narrowing. ABS data reveals that the gender wage gap has shrunk to its smallest ever, with female wages growing at a rate that significantly outpaces their male counterparts. The trend was particularly evident in sectors dominated ...

RBA sustains cash rate at 4.1%

KARREN VERGARA  |  TUESDAY, 1 AUG 2023
... trend, the unemployment rate is expected to rise gradually from its current rate of 3.5% to around 4.5% late next year. Wages growth has picked up in response to the tight labour market and high inflation. At the aggregate level, wages growth is still ...

Inflation falls to 6%

CASSANDRA BALDINI  |  WEDNESDAY, 26 JUL 2023
... rate in August remains based on the strength of the labour market, still stubborn inflation and further upside risks to wages. The average pace of employment growth remains virtually unchanged from last year," he said. "As higher rates start to impact ...

Further tightening of monetary policy may be required: RBA

CASSANDRA BALDINI  |  TUESDAY, 18 JUL 2023
... effects on inflation had not been fully captured." Further, the RBA drew attention to the tight labour market. "While nominal wages growth appeared to have stabilised recently, members assessed that the environment would remain conducive to above-average ...

Wage increases shouldn't equal rate hikes

CASSANDRA BALDINI  |  TUESDAY, 4 JUL 2023
... 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 trying to suggest that a 1% increase in ...

The boomer boom is over: AUSIEX

CHLOE WALKER  |  TUESDAY, 27 JUN 2023
... Australian adults think they will be worse off than their parents. "The recent burst of inflation, plus the focus on stifling wages growth that reduces their purchasing and savings power could mean that their prospects are even more difficult," Salis ...

Super planning remains top adviser focus this EOFY: Podcast

CASSANDRA BALDINI  |  THURSDAY, 15 JUN 2023
... employees. The government proposed that as of July 2026, SG is going to need to be paid at the same time as individual salary and wages. That's not law yet but it's something to keep in mind." The final consideration for advisers is ensuring ...

Suncorp wage scandal comes to a head

ANDREW MCKEAN  |  FRIDAY, 9 JUN 2023
... its wage debacle, Suncorp has managed to settle over 99% of the debt owed. This includes a $26 million reimbursement in wages and entitlements, $4.5 million in interest, and an additional $1.4 million in superannuation. Individual compensation ranged ...

Cash rate hits 4.1%

KARREN VERGARA  |  TUESDAY, 6 JUN 2023
... up to today's announcement, inflation stubbornly sat at 6.8% in May, up from 6.3% in the previous month. Meanwhile, award wages are set to increase by 5.75% on July 1. The Housing Industry Association fears that the move will slow down home building ...

Economists divided over cash rate decision

ANDREW MCKEAN  |  MONDAY, 5 JUN 2023
Accelerating wages growth and higher than expected inflation would perhaps indicate an increase is justified, however, the economic hardships faced by Australians is intensifying. According to an economic misery index by the University of Melbourne ...