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| | | ... October 2017; retail spending was growing at annual rate of 7.7% compared with 1.4% in the year to September 2017; the unemployment rate was at 4.25 compared with 5.5% currently. NAB's Group Economics team explains the surge in business conditions "stems ... |
| | | | ... the third quarter from 3.1% in the June quarter which is the fastest growth rate since the March 2015 quarter. The unemployment rate dipped to a 17-year low of 4.1% in October from 4.2% in the previous month and 4.8% at the start of the year. Forward ... |
| | | | ... economy, and topped growth on four of the eight measures: economic growth, retail spending, business investment, unemployment, construction work, population growth, housing finance and dwelling starts, he said. Meanwhile, a new report from Industry Super ... |
| | | | ... for the first time in 11 months in October (up 101.4 from 97.9 in September) and the improving labour market (the unemployment rate dropped to 5.5% in September from 5.6% in the previous month). The erosion of household finances leaves consumers no other ... |
| | | | ... the degree to which it is appropriate for the MPC to accommodate an extended period of inflation above the target. Unemployment has fallen to a 42-year low and the MPC judges that the level of remaining slack is limited. The global economy is growing ... |
| | | | ... couple of years, in line with our longer-run objective." Indeed, the US labour market continues to strengthen. The unemployment rate dropped to a 16-year low of 4.2% in September. More telling, Yellen's measure of labour market slack, the U-6 unemployment ... |
| | | | ... BOE's forward guidance on the future path of interest rates after this one (if it comes). A solid labour market - the unemployment rate was at a 42-year low of 4.3% in the three months to August - and above target inflation - headline CPI at 3% in September ... |
| | | | ... in the labour market". Well, of course, it depends on one's measure of NAIRU (non-accelerating inflation rate of unemployment). Debelle says the current estimate of NAIRU is 5% with a 70% confidence interval that it's between 4% and 6%. With the latest ... |
| | | | ... employment is not only open but it's getting wider. The trend is our friend. This per the ABS: "The monthly trend unemployment rate has decreased by 0.2% over the past year to 5.5% in September 2017...This is the lowest rate seen since March 2013 and ... |
| | | | ... monetary policy council next meets. Its twin mandate - full employment and stable inflation - dictates so. The UK's unemployment rate dropped to a 42-year low of 4.2% in the three months to July but inflation - both headline and core - remained above ... |
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