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

Search Results

Showing 31 - 40 of 1647 results for "Unemployment"

Employment figures no cause for rate hike: Experts

JAMIE WILLIAMSON  |  FRIDAY, 14 APR 2023
The unemployment rate remained steady at 3.5%, with a stronger than expected lift in jobs in March, however economists say it won't lead to a rate hike. According to the Australian Bureau of Statistics, unemployment is at the lowest seen since 1974. ...

Budget all about responsible economic management: Chalmers

CASSANDRA BALDINI  |  FRIDAY, 14 APR 2023
... seriously." Chalmers explained that in the near term the government expects budget pressure to ease slightly due to low unemployment and high commodity prices. "That's a welcome improvement," he said. "But in the medium term, the pressures on our ...

Long pause likely from RBA: Economist

CASSANDRA BALDINI  |  THURSDAY, 13 APR 2023
... inflation," he said. "On the labour market, we've already started to see some signs that it's losing momentum, the unemployment rates are still exceptionally low. In fact, it's around the lowest levels we've seen in multiple decades." ...

Global economic growth hits 20-year low: IMF

ANDREW MCKEAN  |  WEDNESDAY, 12 APR 2023
... 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.

Cut spending and raise taxes, super preservation age: Grattan

JAMIE WILLIAMSON  |  WEDNESDAY, 12 APR 2023
... are no easy options for budget repair, but now is the right time to begin the heavy lifting. The combination of low unemployment and high inflation makes this a good time to consolidate the budget. Delaying will only make the future challenge harder," ...

Australian CPI falls to 6.8%, adds to halt hopes

CASSANDRA BALDINI  |  THURSDAY, 30 MAR 2023
... reached 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 ...

We sit at a watershed moment: Paton

CHLOE WALKER  |  THURSDAY, 30 MAR 2023
... will be positive, albeit subdued throughout 2023 and 2024. This will be set against the backdrop of continued low unemployment, inflation is forecast to soften but remain above the Reserve Bank of Australia's targets, and the terminal interest rate ...

RBA rate rises up in the air: Economists

CASSANDRA BALDINI  |  FRIDAY, 24 MAR 2023
... said 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 ...

US Fed hikes rates amid banking turmoil

ANDREW MCKEAN  |  THURSDAY, 23 MAR 2023
... inflation. Recent economic indicators revealed modest growth in US spending, production, and strong job gains, with low unemployment and persistent inflation concerns. As such, the Fed decided to increase the federal funds rate target by 25 basis points ...

Super a big national advantage: Chalmers

CASSANDRA BALDINI  |  TUESDAY, 21 MAR 2023
... around 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 ...