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Showing 41 - 50 of 964 results for "Unemployment rate"

Wages growth reaches unsustainable level: Mousina

CASSANDRA BALDINI | THURSDAY, 16 NOV 2023

... labour market and the Fair Work Commission's decision to uplift the minimum award wage significantly. "The unemployment rate has remained around a 48-year low, pretty much all year, which is an incredible outcome," she noted. "Further, the Fair Work ...

The Voice is not at the expense of the economy: Chalmers

CASSANDRA BALDINI | FRIDAY, 13 OCT 2023

... security, productivity, our skills need, and barriers to work," he said. "We've overseen 15 months where the unemployment rate has a three in front of it, and that's only happened in three other months since these records were first kept 45 years ...

Some explanations have missed the mark: Lowe

CASSANDRA BALDINI | FRIDAY, 8 SEP 2023

... target." Addressing the labour market, Lowe explained that when he assumed the role of governor in 2016, the unemployment rate stood between 5.5% to 6%, a far cry from the current 3.5%. "The share of Australians with a job has never been higher than ...

Latest CPI data provides case for rate pause

CHLOE WALKER | THURSDAY, 31 AUG 2023

... not need to suffer an extended period of below trend growth or even a so-called "per capita recession". "The unemployment rate consistent with inflation returning to target could be much less than the 4.5% rate currently assumed by the RBA," he said. ...

Unemployment rate rises as gender wage gap narrows

ANDREW MCKEAN | FRIDAY, 18 AUG 2023

... drop in employment in July, deviating sharply from the anticipated rise of 15,000 by economists. In July, the unemployment rate increased to 3.7%, up from 3.5% the previous month, despite economists' predictions of 3.6%. Concurrently, the participation ...

RBA sustains cash rate at 4.1%

KARREN VERGARA | TUESDAY, 1 AUG 2023

... labour shortages have lessened," Lowe said. "With the economy and employment forecast to grow below trend, the unemployment rate is expected to rise gradually from its current rate of 3.5% to around 4.5% late next year. Wages growth has picked up in ...

Federal Reserve raises interest rates to a 22-year high

CASSANDRA BALDINI | THURSDAY, 27 JUL 2023

... gains averaged 244,000 jobs per month, a pace below that seen earlier in the year but still a strong pace. The unemployment rate remains low, at 3.6%," he said. He further noted that rent indicators suggest economic activity has been expanding at a moderate ...

Inflation falls to 6%

CASSANDRA BALDINI | WEDNESDAY, 26 JUL 2023

... immigration increases labour supply. This should in turn cool wage and inflation pressures. However, Australia's unemployment rate of 3.5% for June remains at historically low levels." However, Deloitte Access Economics partner Stephen Smith contended ...

Major economies buoyed by tight jobs market

KARREN VERGARA | FRIDAY, 21 JUL 2023

... June, adding more than 33,000 jobs. While the participation rate edged down month on month by 0.1% to 66.8%, unemployment rate nevertheless remained at 3.5%. "Australia's labour market was still strong in June. This is a similar trend to a number ...

Australian inflation downturn on the horizon: AMP

ANDREW MCKEAN | THURSDAY, 13 JUL 2023

... Australia (RBA) probably needs to hike rates again," Mousina said. Australia's labour market remains tight, with the unemployment rate near its lowest level in nearly 50 years and there are still a significant number of job openings. For every unemployed ...

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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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