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Showing 461 - 470 of 868 results for "Wages"

ECB schedules taper

BENJAMIN ONG  |  FRIDAY, 27 OCT 2017
... August from a record high of 12.1% just a little over four years ago. More important, and unlike many of its peers, growth in wages and salaries in the region is reacting to the improvement in the labour market. Wages and salaries grew by 3.7% in the ...

Jobs galore

BENJAMIN ONG  |  FRIDAY, 20 OCT 2017
... in 2008." The $64 million dollar question is whether the tightening Australian labour market translates into a pick-up in wages growth - recorded at a record low 1.9% in the June quarter. It may well do but my best guess is that employed workers will ...

Beige Book report delivers known knowns

BENJAMIN ONG  |  THURSDAY, 19 OCT 2017
... since the start of this year) - that of moderate to modest growth, a tight/tightening labour market but modest growth in wages and inflation. To quote former US Defence Secretary Donald Henry Rumsfeld, "these are known knowns." Aside from the reference ...

Go ahead BOE, make my day

BENJAMIN ONG  |  WEDNESDAY, 18 OCT 2017
... constraining domestic spending which is a bigger contributor to the economy. This is because high inflation erodes real wages. Real wage growth had been negative since February this year as inflation accelerated faster than growth in nominal wages. Nominal ...

Confidence up but will consumers shop?

BENJAMIN ONG  |  THURSDAY, 12 OCT 2017
... decline. This is because despite the cheerier mood, Australians remain saddled with record high household debt, sluggish wages growth (zero real wages growth), rising utility costs, decreasing disposable income and dwindling savings. The Australian consumer ...

No more slack?

BENJAMIN ONG  |  MONDAY, 9 OCT 2017
... force." Recall that Fed chair Janet Yellen used this stat to explain the slack in the labour market and therefore, slow wages growth in America. Slack no more? As if on cue, the September non-farm payrolls report showed that average hourly earnings jumped ...

Time to start factoring in an RBA rate cut?

BENJAMIN ONG  |  FRIDAY, 6 OCT 2017
... August despite the relatively stronger Australian dollar during the period. Faced with record high household debt, sluggish wages growth (zero real wages growth), rising utility costs, decreasing disposable income and dwindling savings, the Australian ...

Interest rates on ice

BENJAMIN ONG  |  WEDNESDAY, 4 OCT 2017
... little bit over the GFC low of 1.76% in the December quarter of 2009. This is not surprising given the sluggish trend in wages - up only 1.9% in the year to the June 2017 quarter. Factor in headline CPI inflation of 1.9% over the same period and we get... ...

Expansion everywhere

BENJAMIN ONG  |  TUESDAY, 3 OCT 2017
... this year but it also marks 12 straight months of above-50 reading - the longest since 2007. There's also good news on the wages front with the sub-index rising to 61.2 which is higher than the past 12 months' average of 58.9. The balance indicates no ...

The British pound's sterling reversal

BENJAMIN ONG  |  MONDAY, 18 SEP 2017
... negative since February this year as inflation (2.9% in August from 2.6% in July) accelerated faster than growth in nominal wages (2.1% in June and July). The consequence of this negative real wage growth has been documented in the 'IHS Markit Household ...