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| | ... Meanwhile, inflation is projected to decrease from 6.6% in 2022 to 5.3% in 2023 and further to 3.2% in 2024. The unemployment rate in Australia, which was 3.7% in 2022, is expected to increase to 4% in 2023 and further to 4.1% in 2024. |
| | | ... its peak. "Our rule of thumb has been that, once the RBA is convinced that inflation has peaked and that the unemployment rate has troughed, it would pause," he said. "We have held our view since January largely based on our view that the domestic economy ... |
| | | ... two out of four domestic data releases have so far been published. "The NAB Business Survey was robust and the unemployment rate dipped to 3.5% in February from 3.7% in January," he said. The February retail trade and monthly CPI indicator are the final ... |
| | | ... the world, but we've got a lot going for us as well," he said. Chalmers highlighted Australia's 3.5% unemployment rate as a positive for the nation and said given the circumstances it's a "stunning outcome." "We're getting very good prices ... |
| | | ... extending beyond 2025 would be "too long." Throughout his address, Lowe highlighted Australia's record-low unemployment rate and said it's a "positive outcome" not mirrored by many other western countries. However, the tone dropped when he was ... |
| | | ... likely supported by the Superannuation Guarantee increase to 10.5% as of 1 July 2022, together with the declining unemployment rate during the year, which sits at historically low levels, APRA said. |
| | | Australia's unemployment rate has risen to 3.7%, according to the Australian Bureau of Statistics (ABS). The ABS reported a decline in employment for the second consecutive month, following a period of robust jobs growth throughout 2022. Employment ... |
| | | ... were being told tens of thousands of people would die, temporary morgues were being built in the cities, the unemployment rate was 15%, our borders were closed, there was no vaccine for years, we couldn't move around our cities, we were locked at ... |
| | | ... is projected to remain steady until mid-2025, before showing a slight pick-up. As economic growth slows, the unemployment rate is forecast to increase. The labour market is expected to remain tight with the unemployment rate forecast to stay around 3.5% ... |
| | | ... Economics managing director Stephen Koukoulas expects the RBA to hold rates steady. "Slow growth, an uptick in the unemployment rate and a sharp fall in inflation will allow a rate cut by year end," Koukoulas said. |
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