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Showing 41 - 50 of 1721 results for "Unemployment"

Unemployment edges up despite jobs added

ELIZA BAVIN | THURSDAY, 16 JAN 2025

... strong in the December 2024 read, according to the Australian Bureau of Statistics (ABS). The seasonally adjusted unemployment rate rose by 0.1 percentage point to 4% in December. "With employment rising by 56,000 people and the number of unemployed ...

February rate cut unlikely after inflation data

ELIZA BAVIN | WEDNESDAY, 8 JAN 2025

... The labour market in particular has proven resistant to disinflation measures, with the most recent data showing unemployment has actually decreased to 3.9%. This is inhibiting further falls in inflation, as wages continue to be relatively elevated ...

The productivity bubble has burst: Productivity Commission

ANDREW MCKEAN | THURSDAY, 19 DEC 2024

... pre-pandemic period, particularly in the jobs market, which has experienced higher labour force participation and lower unemployment. Productivity Commission senior research economist James Thiris noted that the strong labour market likely weighed down ...

Chalmers defends budget deficits in MYEFO

ELIZA BAVIN | WEDNESDAY, 18 DEC 2024

... the economic indicators. The economy is growing, inflation is moderating, real wages and real incomes are growing, unemployment is low - one million jobs have been created - participation is at record highs," Chalmers said. "There is now a $200 billion ...

Unemployment drops below 4%

ELIZA BAVIN | THURSDAY, 12 DEC 2024

The seasonally adjusted unemployment rate fell by 0.2 percentage points to 3.9% in November, according to the Australian Bureau of Statistics (ABS). "With employment rising by 36,000 people and the number of unemployed decreasing by 27,000 people, the ...

APRA maintains policy amid uncertain environment

ELIZA BAVIN | MONDAY, 25 NOV 2024

... to pass. We also have seen an uptick in non-performing loans, with the potential for further rises, especially if unemployment increases. "In light of these considerations, APRA maintains its current macroprudential policy settings. We will continue ...

Wages grow 3.5% for the year

ELIZA BAVIN | WEDNESDAY, 13 NOV 2024

... that there may be more spare capacity in the labour market than the jobs-related data suggests. "The current 4.1% unemployment rate is at low levels and the number of job vacancies remains elevated. Surveyed measures have also seen a recent uptick in ...

Interest rates to remain on hold for some time

ELIZA BAVIN | WEDNESDAY, 6 NOV 2024

... the easing cycle. "We note that the RBA will be more willing to leave policy on hold for an extended period if the unemployment rate does not lift much further from here." Aird said CBA is predicting 100bp of easing over 2025, finishing the year with ...

Inflation falls within RBA's target range

ELIZA BAVIN | WEDNESDAY, 30 OCT 2024

... at 3.5%. "The Australian economy continues to demonstrate resilience, characterised by a robust labour market, low unemployment, and persistent wage inflation. Additionally, retail sales growth has accelerated, and the full impact of the government's ...

CBA's conviction on December rate cut has 'dipped'

ELIZA BAVIN | FRIDAY, 18 OCT 2024

Commonwealth Bank (CBA) head of Australian economics Gareth Aird conceded the stronger than expected unemployment data released yesterday does not strengthen the case for the Reserve Bank of Australia (RBA) to start cutting interest rates. Additionally ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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